Department of Numbers

Santa Fe, New Mexico Unemployment

The BLS reported that the unemployment rate for Santa Fe rose 0.1 percentage points in November 2023 to 3.6%. For the same month, the metro unemployment rate was 0.3 percentage points lower than the New Mexico rate. The unemployment rate in Santa Fe peaked in May 2020 at 10.3% and is now 6.7 percentage points lower. From a post peak low of 3.0% in October 2022, the unemployment rate has now grown by 0.6 percentage points. You can also compare Santa Fe unemployment with unemployment in other cities.

Unemployment Rate November 2023 Month/Month Year/Year
National 3.7% -0.1 +0.1
New Mexico 3.9% +0.1 +0.4
Santa Fe 3.6% +0.1 +0.6
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with November 2023 data as December metro level unemployment data has not yet been released.

Unemployment Rate: Santa Fe, New Mexico, National

Santa Fe, New Mexico monthly unemployment rate chart

Note: Recessions shown in gray.

Santa Fe, New Mexico Unemployed

The number of people unemployed in Santa Fe peaked in May 2020 at 7,091. There are now 4,454 fewer people unemployed in the metropolitan area. From a recent trough of 2,152 in April 2023, the number of unemployed has now grown by 485. Santa Fe employment and jobs data (including jobs lost/gained in Santa Fe, New Mexico) is also available.

Unemployed Persons November 2023 Month/Month Year/Year
Santa Fe 2,637 +58 +457

Number of Unemployed Persons

Santa Fe, New Mexico Unemployment History

Date National
Unemployment Rate
New Mexico
Unemployment Rate
Santa Fe
Unemployment Rate
Santa Fe
Unemployed
December
2023
3.7%
November
2023
3.7% 3.9% 3.6% 2,637
October
2023
3.8% 3.8% 3.5% 2,579
September
2023
3.8% 3.7% 3.5% 2,513
August
2023
3.8% 3.7% 3.4% 2,450
July
2023
3.5% 3.6% 3.2% 2,339
June
2023
3.6% 3.5% 3.1% 2,227
May
2023
3.7% 3.5% 3.0% 2,182
April
2023
3.4% 3.5% 3.0% 2,152
March
2023
3.5% 3.5% 3.0% 2,159
February
2023
3.6% 3.6% 3.0% 2,193
January
2023
3.4% 3.5% 3.0% 2,176

1. Metro area unemployment rates are now seasonally adjusted. The BLS has started publishing smoothed seasonally adjusted metropolitan area data which makes comparisons to state and national data more relevant than the unadjusted numbers.