Department of Numbers

New Mexico Unemployment

According to the BLS current population survey (CPS), the unemployment rate for New Mexico fell 0.4 percentage points in July 2022 to 4.5%. The state unemployment rate was 1.0 percentage points higher than the national rate for the month. The unemployment rate in New Mexico peaked in May 2020 at 9.8% and is now 5.3 percentage points lower. You can also see New Mexico unemployment compared to other states.

Unemployment Rate July 2022 Month/Month Year/Year
National 3.5% -0.1 -1.9
New Mexico 4.5% -0.4 -2.5

Note: All comparisons are made with July data as August state level unemployment data has not yet been released.

Unemployment Rate: New Mexico, National

New Mexico monthly unemployment rate chart from 1990 to July 2022

Note: Recessions shown in gray

New Mexico Unemployed

The number of people unemployed in New Mexico peaked in May 2020 at 88,330. There are now 45,397 fewer people unemployed in the state. New Mexico job growth data is also available.

Unemployed Persons July 2022 Month/Month Year/Year
New Mexico 42,933 -3,454 -23,291

Number of Unemployed Persons

Monthly chart of total unemployed in New Mexico from 1990 to July 2022

New Mexico Unemployment History

Date National
Unemployment Rate
New Mexico
Unemployment Rate
New Mexico
Unemployed
August 2022 3.7%
July 2022 3.5% 4.5% 42,933
June 2022 3.6% 4.9% 46,387
May 2022 3.6% 5.1% 48,303
April 2022 3.6% 5.3% 50,070
March 2022 3.6% 5.3% 50,358
February 2022 3.8% 5.6% 53,118
January 2022 4.0% 5.9% 55,435
December 2021 3.9% 5.9% 55,101
November 2021 4.2% 6.0% 56,234
October 2021 4.6% 6.1% 57,436
September 2021 4.7% 6.2% 58,763