Wallethub: New Mexico’s unemployment among slowest to recover nationwide

As Gov. MLG prepares further lockdown measures for New Mexico’s economy, a new Wallethub report shows that New Mexico (which is already poor and suffers from relatively elevated unemployment) is not recovering from the COVID 19 economic interruption as fast as other states.

In fact, since the start of 2020 NM is as seen the 2nd-worst recovery in unemployment claims since January.

The following shows NM’s performance on unemployment last week vs the same week in 2019.

Given the Gov.’s approach to the Virus and increasing spread (but not deaths), we expect further restrictions on New Mexico’s economy to be imposed this afternoon in addition to what she’s already done this week.