Department of Numbers

New Mexico Unemployment

According to the BLS current population survey (CPS), the unemployment rate for New Mexico fell 0.3 percentage points in March 2022 to 5.3%. The state unemployment rate was 1.7 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 4.5 percentage points lower. You can also see New Mexico unemployment compared to other states.

Unemployment Rate March 2022 Month/Month Year/Year
National 3.6% -0.2 -2.4
New Mexico 5.3% -0.3 -1.9

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

Unemployment Rate: New Mexico, National

New Mexico monthly unemployment rate chart from 1990 to March 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 37,918 fewer people unemployed in the state. New Mexico job growth data is also available.

Unemployed Persons March 2022 Month/Month Year/Year
New Mexico 50,412 -2,706 -17,663

Number of Unemployed Persons

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

New Mexico Unemployment History

Date National
Unemployment Rate
New Mexico
Unemployment Rate
New Mexico
Unemployed
April 2022 3.6%
March 2022 3.6% 5.3% 50,412
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
August 2021 5.2% 6.8% 63,940
July 2021 5.4% 7.0% 66,224
June 2021 5.9% 7.3% 68,825
May 2021 5.8% 7.2% 67,698