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In 2005 the federal government spent $2.03 on New Mexico for every dollar of tax revenue collected from the state. This rate of return is higher than any other state in the United States. [21] The federal government is also a major employer in New Mexico providing more than a quarter of the state's jobs.
Regular military salaries of New Mexico residents serving in the U.S. military are subject to the income tax, but since 2007, active-duty military salaries have been exempt from the state income tax. [7] [8] Personal income tax rates for New Mexico range from 1.7% to 4.9%, within four income brackets. [9]
That's according to a New Mexico Department of Workforce Solutions report, which shows last month's unemployment rate in New Mexico stood at 4.1%. The report said 12,500 jobs were added between ...
Unemployment insurance is funded by both federal and state payroll taxes. In most states, employers pay state and federal unemployment taxes if: (1) they paid wages to employees totaling $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.
The jobless rate jumped from 6.2% in December 2021 to 6.7% in January in the Farmington Metropolitan Statistical Area. New Mexico unemployment rate stable, but most parts of state show increase ...
Nov. 20—New Mexico's unemployment rate continued to drop in October, but not as far as many other states. New Mexico had a seasonally adjusted unemployment rate of 6.5% last month, down from 6.9 ...
Unemployment in the US by State (June 2023) The list of U.S. states and territories by unemployment rate compares the seasonally adjusted unemployment rates by state and territory, sortable by name, rate, and change. Data are provided by the Bureau of Labor Statistics in its Geographic Profile of Employment and Unemployment publication.
Mar. 12—New Mexico's unemployment rate remained unchanged from December but added thousands of jobs from the same time last year. According to the state Department of Workforce Solutions, the ...