Department of Numbers

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
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with March 2023 data as April 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 41,703. 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.