New Mexico Unemployment
According to the BLS current population survey (CPS), the unemployment rate for New Mexico fell 0.2 percentage points in November 2022 to 4.1%. The state unemployment rate was 0.5 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 5.7 percentage points lower. You can also see New Mexico unemployment compared to other states.
| Unemployment Rate | November 2022 | Month/Month | Year/Year |
|---|---|---|---|
| National | 3.6% | -0.1 | -0.6 |
| New Mexico | 4.1% | -0.2 | -1.9 |
Note: All comparisons are made with November data as December state level unemployment data has not yet been released.
Unemployment Rate: New Mexico, National
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 50,226 fewer people unemployed in the state. New Mexico job growth data is also available.
| Unemployed Persons | November 2022 | Month/Month | Year/Year |
|---|---|---|---|
| New Mexico | 38,104 | -2,045 | -18,130 |
Number of Unemployed Persons
New Mexico Unemployment History
| Date | National Unemployment Rate |
New Mexico Unemployment Rate |
New Mexico Unemployed |
|---|---|---|---|
| December 2022 | 3.5% | — | — |
| November 2022 | 3.6% | 4.1% | 38,104 |
| October 2022 | 3.7% | 4.3% | 40,149 |
| September 2022 | 3.5% | 4.2% | 40,031 |
| August 2022 | 3.7% | 4.4% | 41,821 |
| July 2022 | 3.5% | 4.5% | 42,294 |
| 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 |
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
