Department of Numbers

New Mexico Unemployment

According to the BLS current population survey (CPS), the unemployment rate for New Mexico fell 0.0 percentage points in October 2018 to 4.6%. The state unemployment rate was 0.9 percentage points higher than the national rate for the month. The unemployment rate in New Mexico peaked in May 2010 at 8.3% and is now 3.7 percentage points lower. From a post peak low of 4.6% in August 2018, the unemployment rate has now grown by 0.0 percentage points. You can also see New Mexico unemployment compared to other states.

Unemployment Rate October 2018 Month/Month Year/Year
National 3.7% 0.0 -0.4
New Mexico 4.6% 0.0 -1.4

Unemployment Rate: New Mexico, National

New Mexico monthly unemployment rate chart from 1990 to October 2018

Note: Recessions shown in gray

New Mexico Unemployed

The number of people unemployed in New Mexico peaked in June 2010 at 77,761. There are now 34,613 fewer people unemployed in the state. From a recent trough of 43,011 in September 2018, the number of unemployed has now grown by 137. New Mexico job growth data is also available.

Unemployed Persons October 2018 Month/Month Year/Year
New Mexico 43,148 +137 -12,588

Number of Unemployed Persons

Monthly chart of total unemployed in New Mexico from 1990 to October 2018

New Mexico Unemployment History

Date National
Unemployment Rate
New Mexico
Unemployment Rate
New Mexico
Unemployed
October 2018 3.7% 4.6% 43,148
September 2018 3.7% 4.6% 43,011
August 2018 3.9% 4.6% 43,345
July 2018 3.9% 4.7% 44,284
June 2018 4.0% 4.9% 46,042
May 2018 3.8% 5.1% 48,095
April 2018 3.9% 5.4% 50,571
March 2018 4.1% 5.6% 52,432
February 2018 4.1% 5.8% 53,909
January 2018 4.1% 5.9% 54,997
December 2017 4.1% 6.0% 55,772
November 2017 4.1% 6.0% 55,748