Albuquerque, New Mexico Unemployment
The BLS reported that the unemployment rate for Albuquerque fell 0.0 percentage points in March 2023 to 3.2%. For the same month, the metro unemployment rate was 0.3 percentage points lower than the New Mexico rate. The unemployment rate in Albuquerque peaked in May 2020 at 10.0% and is now 6.8 percentage points lower. From a post peak low of 3.1% in October 2022, the unemployment rate has now grown by 0.1 percentage points. You can also compare Albuquerque unemployment with unemployment in other cities.
| Unemployment Rate | March 2023 | Month/Month | Year/Year |
|---|---|---|---|
| National | 3.5% | -0.1 | -0.1 |
| New Mexico | 3.5% | -0.1 | -1.1 |
| Albuquerque | 3.2% | 0.0 | -1.2 |
Unemployment Rate: Albuquerque, New Mexico, National
Note: Recessions shown in gray.
Albuquerque, New Mexico Unemployed
The number of people unemployed in Albuquerque peaked in May 2020 at 41,703. There are now 27,491 fewer people unemployed in the metropolitan area. From a recent trough of 13,788 in October 2022, the number of unemployed has now grown by 424. Albuquerque employment and jobs data (including jobs lost/gained in Albuquerque, New Mexico) is also available.
| Unemployed Persons | March 2023 | Month/Month | Year/Year |
|---|---|---|---|
| Albuquerque | 14,212 | -114 | -5,166 |
Number of Unemployed Persons
Albuquerque, New Mexico Unemployment History
| Date | National Unemployment Rate |
New Mexico Unemployment Rate |
Albuquerque Unemployment Rate |
Albuquerque Unemployed |
|---|---|---|---|---|
| April 2023 |
3.4% | — | — | — |
| March 2023 |
3.5% | 3.5% | 3.2% | 14,212 |
| February 2023 |
3.6% | 3.6% | 3.2% | 14,326 |
| January 2023 |
3.4% | 3.5% | 3.2% | 14,013 |
| December 2022 |
3.5% | 3.5% | 3.2% | 13,931 |
| November 2022 |
3.6% | 3.5% | 3.1% | 13,856 |
| October 2022 |
3.7% | 3.5% | 3.1% | 13,788 |
| September 2022 |
3.5% | 3.5% | 3.2% | 13,947 |
| August 2022 |
3.7% | 3.4% | 3.3% | 14,312 |
| July 2022 |
3.5% | 3.6% | 3.4% | 14,953 |
| June 2022 |
3.6% | 3.9% | 3.6% | 15,851 |
| May 2022 |
3.6% | 4.1% | 3.8% | 16,926 |
1. Metro area unemployment rates are now seasonally adjusted. The BLS has started publishing smoothed seasonally adjusted metropolitan area data which makes comparisons to state and national data more relevant than the unadjusted numbers. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
