Department of Numbers

Albuquerque, New Mexico Unemployment

The BLS reported that the unemployment rate for Albuquerque fell 0.0 percentage points in January 2023 to 3.7%. For the same month, the metro unemployment rate was 0.2 percentage points higher than the New Mexico rate. The unemployment rate in Albuquerque peaked in May 2020 at 10.2% and is now 6.5 percentage points lower. From a post peak low of 3.7% in December 2022, the unemployment rate has now grown by 0.0 percentage points. You can also compare Albuquerque unemployment with unemployment in other cities.

Unemployment Rate January 2023 Month/Month Year/Year
National 3.4% -0.1 -0.6
New Mexico 3.5% 0.0 -1.9
Albuquerque 3.7% 0.0 -1.8
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with January 2023 data as February metro level unemployment data has not yet been released.

Unemployment Rate: Albuquerque, New Mexico, National

Albuquerque, New Mexico monthly unemployment rate chart

Note: Recessions shown in gray.

Albuquerque, New Mexico Unemployed

The number of people unemployed in Albuquerque peaked in May 2020 at 41,968. There are now 25,860 fewer people unemployed in the metropolitan area. Albuquerque employment and jobs data (including jobs lost/gained in Albuquerque, New Mexico) is also available.

Unemployed Persons January 2023 Month/Month Year/Year
Albuquerque 16,108 -164 -8,298

Number of Unemployed Persons

Albuquerque, New Mexico Unemployment History

Date National
Unemployment Rate
New Mexico
Unemployment Rate
Albuquerque
Unemployment Rate
Albuquerque
Unemployed
February
2023
3.6%
January
2023
3.4% 3.5% 3.7% 16,108
December
2022
3.5% 3.5% 3.7% 16,272
November
2022
3.6% 3.5% 3.8% 16,551
October
2022
3.7% 3.5% 3.8% 16,868
September
2022
3.5% 3.5% 3.9% 16,942
August
2022
3.7% 3.4% 3.8% 16,798
July
2022
3.5% 3.6% 4.0% 17,473
June
2022
3.6% 3.9% 4.3% 18,860
May
2022
3.6% 4.1% 4.5% 20,108
April
2022
3.6% 4.3% 4.8% 21,194
March
2022
3.6% 4.6% 5.0% 22,144

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.