Due to the shutdown of New Mexico’s economy during the COVID19 outbreak New Mexico businesses have had to furlough or let go large numbers of their workers. This is going to potentially have serious repercussions for the State’s unemployment insurance fund and the payments those businesses must make to that fund.
This article by Carol Wight of the New Mexico Restaurant Association addressed the issue from the 2008-2009 economic crisis. Unfortunately, if the political leadership of New Mexico is not prudent, businesses could be deeply impacted, even if they are able to recover from the shutdown.
You can watch the story here: