How Are Benefits Calculated?

 

Learn about the formula New Mexico will use to calculate your unemployment benefits.

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Each state has its own formula for determining your weekly benefit amount: how much money you will receive each week as your unemployment benefit. Typically, your weekly benefit amount is some percentage of your earnings during the entire base period or the quarter of the base period in which you were paid the most. 

In New Mexico, your weekly benefit will be 53.5% of your average weekly wages in the quarter of the base period in which you earned the most. 


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Jurisdictional relevance: ST

There are versions of this article for each State.