Department of Numbers

Albuquerque, New Mexico Unemployment

The BLS reported that the unemployment rate for Albuquerque fell 0.2 percentage points in April 2022 to 4.8%. For the same month, the metro unemployment rate was 0.5 percentage points lower than the New Mexico rate. The unemployment rate in Albuquerque peaked in May 2020 at 10.2% and is now 5.4 percentage points lower. You can also compare Albuquerque unemployment with unemployment in other cities.

Unemployment Rate April 2022 Month/Month Year/Year
National 3.6% 0.0 -2.4
New Mexico 5.3% 0.0 -2.0
Albuquerque 4.8% -0.2 -2.0
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with April 2022 data as May 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 20,785 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 April 2022 Month/Month Year/Year
Albuquerque 21,183 -961 -8,486

Number of Unemployed Persons

Albuquerque, New Mexico Unemployment History

Date National
Unemployment Rate
New Mexico
Unemployment Rate
Albuquerque
Unemployment Rate
Albuquerque
Unemployed
May
2022
3.6%
April
2022
3.6% 5.3% 4.8% 21,183
March
2022
3.6% 5.3% 5.0% 22,144
February
2022
3.8% 5.6% 5.2% 23,168
January
2022
4.0% 5.9% 5.5% 24,406
December
2021
3.9% 5.9% 5.7% 25,323
November
2021
4.2% 6.0% 5.7% 25,244
October
2021
4.6% 6.1% 5.7% 25,339
September
2021
4.7% 6.2% 5.9% 26,031
August
2021
5.2% 6.8% 6.2% 27,008
July
2021
5.4% 7.0% 6.4% 28,049
June
2021
5.9% 7.3% 6.6% 28,901

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.