County unemployment rate remains at four-year low

QCS Staff

Quay County’s unemployment rate remained at a four-year low in the May employment report from the New Mexico Department of Workforce Solutions.

May’s unemployment rate for the county was 5.6 percent. For April, the unemployment rate was 5.3 percent, the lowest level since May 2009, when the unemployment rate was 5.2 percent.

Since May 2009, the county’s unemployment rate had remained above 6 percent until April 2013, according to unemployment statistics.

Last month, state and county officials attributed the sudden drop in unemployment to road construction projects and the opening of the Kodiak Produce Co. facility in Tucumcari, which employs about 20 persons regularly, according to company managers.

Quay County’s labor force stood at 3,865 persons in May 2013, with 216 unemployed, and 3,781 in April 2013, with 201 persons unemployed. In May 2009, the labor force stood at 3,920, with 209 persons unemployed.

From May 2009 to April 2013, the unemployment rate has ranged from 6 percent to 9.2 percent. The labor force has ranged from 3,730 in August 2011 to 4,077 in July 2009, statistics show.

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