Unemployment Benefits Compensation
Max Weekly Benefit Amt.
Max Weeks of Benefits
Max Benefit Amount
Once a week, those that maintain eligibility will receive their Weekly Benefit Amount. As long as the employment status does not change and weekly benefits are claimed, an individual will continue to be eligible to receive their WBA until the Maximum Benefit Amount is reached. While details are provided below on how the Weekly Benefit Amount and Maximum Benefit Amount are determined, the best way to determine how much you will receive is to apply with accurate information.
Calculating New Mexico Unemployment Benefit Amounts
Determine Your Weekly Benefit Amount (WBA)
To determine the Weekly Benefit Amount (WBA) allowed in New Mexico, the Department of Labor will reference the historical wages from the base period. The quarter that contains the highest wages earned will be identified. The WBA will be 53 percent of the weekly pay during your base period. There are thresholds in place, though, so the minimum WBA would be $79 and the maximum WBA would be $423.
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Determine Your Maximum Benefit Amount (MBA)
Depending on your work history, you will be allotted a certain number of weeks that you are eligible to receive your WBA over the course of 12 months from the date of initially filing for unemployment. The maximum number of weeks available for those that were continually employed throughout the base year is 26 weeks. To determine your Maximum Benefit Amount (MBA), take the WBA and multiply it by the number of weeks allotted.