New Mexico Unemployment

According to the BLS current population survey (CPS), the unemployment rate for New Mexico fell 0.0 percentage points in February 2020 to 4.8%. The state unemployment rate was 1.3 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 3.5 percentage points lower. From a post peak low of 4.8% in May 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	February 2020	Month/Month	Year/Year
National	3.5%	-0.1	-0.3
New Mexico	4.8%	0.0	-0.2

Unemployment Rate: New Mexico, National

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 31,797 fewer people unemployed in the state. From a recent trough of 44,809 in July 2018, the number of unemployed has now grown by 1,155. New Mexico job growth data is also available.

Unemployed Persons	February 2020	Month/Month	Year/Year
New Mexico	45,964	+294	-1,257

Number of Unemployed Persons

New Mexico Unemployment History

Date	National Unemployment Rate	New Mexico Unemployment Rate	New Mexico Unemployed
February 2020	3.5%	4.8%	45,964
January 2020	3.6%	4.8%	45,670
December 2019	3.5%	4.8%	45,728
November 2019	3.5%	4.8%	45,680
October 2019	3.6%	4.8%	45,627
September 2019	3.5%	4.8%	45,677
August 2019	3.7%	4.8%	45,841
July 2019	3.7%	4.8%	46,108
June 2019	3.7%	4.9%	46,442
May 2019	3.6%	4.9%	46,813
April 2019	3.6%	5.0%	47,118
March 2019	3.8%	5.0%	47,255