The Land of Enchantment has struggled to return to normal following the pandemic lockdowns, especially regarding workforce participation rates.
Nationally, the workforce participation rate is a dismal 62.6 percent, “one of the lowest rates in decades,” as WalletHub notes.
New Mexico ranked 10th in the WalletHub survey for states struggling the most with hiring, following only Montana, North Carolina, Mississippi, Virginia, South Carolina, Georgia, Louisiana, West Virginia, and Alaska, which took the top spot.
New Mexico’s most recent job openings rate was 6.8 percent, while over the last twelve months, it was at 7.15 percent.
The state of New York was struggling the least, with a recent job openings rate of 4.50 percent and a rate of 4.73 percent over the past year.
“WalletHub compared the 50 states and the District of Columbia based on two metrics, the rate of job openings for the latest month and for the last 12 months. These metrics are listed below with their corresponding weights. WalletHub then used these metrics to rank-order the states and the District from those that struggle the most with hiring to those that struggle the least,” wrote the outlet.