Oil Prices Shake New Mexico’s Jobs | Albuquerque News

New Mexico’s unemployment dipped to 4.8% in June — a slight improvement from May, but still up from last year’s 4.0%. Economists point to rising oil prices, fueled by tensions with Iran, as the driving force — bringing in more revenue and jobs, but also hiking gas costs that pinch everyday budgets. While the state’s economy may be cooling slightly, experts like Professor Chris Erickson say it’s not yet cause for alarm. Meanwhile, Hidalgo County led the state with the biggest unemployment drop, while Guadalupe and Chaves counties saw rates climb — highlighting regional economic disparities. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/399e61fda2541eeb