Department of Numbers

New Mexico Unemployment

According to the BLS current population survey (CPS), the unemployment rate for New Mexico fell 1.8 percentage points in October 2020 to 8.1%. The state unemployment rate was 1.2 percentage points higher than the national rate for the month. The unemployment rate in New Mexico peaked in July 2020 at 12.7% and is now 4.6 percentage points lower. You can also see New Mexico unemployment compared to other states.

Unemployment Rate October 2020 Month/Month Year/Year
National 6.9% -1.0 +3.3
New Mexico 8.1% -1.8 +3.3

Unemployment Rate: New Mexico, National

New Mexico monthly unemployment rate chart from 1990 to October 2020

Note: Recessions shown in gray

New Mexico Unemployed

The number of people unemployed in New Mexico peaked in July 2020 at 115,370. There are now 40,578 fewer people unemployed in the state. New Mexico job growth data is also available.

Unemployed Persons October 2020 Month/Month Year/Year
New Mexico 74,792 -19,610 +29,165

Number of Unemployed Persons

Monthly chart of total unemployed in New Mexico from 1990 to October 2020

New Mexico Unemployment History

Date National
Unemployment Rate
New Mexico
Unemployment Rate
New Mexico
Unemployed
October 2020 6.9% 8.1% 74,792
September 2020 7.9% 9.9% 94,402
August 2020 8.4% 11.4% 101,957
July 2020 10.2% 12.7% 115,370
June 2020 11.1% 8.4% 77,432
May 2020 13.3% 9.1% 82,751
April 2020 14.7% 11.9% 108,706
March 2020 4.4% 6.3% 61,054
February 2020 3.5% 4.8% 46,008
January 2020 3.6% 4.8% 45,670
December 2019 3.5% 4.8% 45,728
November 2019 3.5% 4.8% 45,680