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 July 2019 to 4.9%. 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 May 2010 at 8.3% and is now 3.4 percentage points lower. From a post peak low of 4.8% in May 2018, the unemployment rate has now grown by 0.1 percentage points. You can also see New Mexico unemployment compared to other states.

Unemployment Rate July 2019 Month/Month Year/Year
National 3.7% 0.0 -0.2
New Mexico 4.9% 0.0 +0.1

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

Unemployment Rate: New Mexico, National

New Mexico monthly unemployment rate chart from 1990 to July 2019

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 30,190 fewer people unemployed in the state. From a recent trough of 44,910 in June 2018, the number of unemployed has now grown by 2,661. New Mexico job growth data is also available.

Unemployed Persons July 2019 Month/Month Year/Year
New Mexico 47,571 +245 +2,454

Number of Unemployed Persons

Monthly chart of total unemployed in New Mexico from 1990 to July 2019

New Mexico Unemployment History

Date National
Unemployment Rate
New Mexico
Unemployment Rate
New Mexico
Unemployed
August 2019 3.7%
July 2019 3.7% 4.9% 47,571
June 2019 3.7% 4.9% 47,326
May 2019 3.6% 5.0% 47,624
April 2019 3.6% 5.0% 47,919
March 2019 3.8% 5.1% 48,374
February 2019 3.8% 5.1% 48,744
January 2019 4.0% 5.1% 48,127
December 2018 3.9% 5.0% 47,059
November 2018 3.7% 5.0% 47,101
October 2018 3.8% 5.0% 46,926
September 2018 3.7% 4.9% 46,334