Department of Numbers

Albuquerque, New Mexico Unemployment

The BLS reported that the unemployment rate for Albuquerque fell 0.0 percentage points in October 2018 to 4.4%. For the same month, the metro unemployment rate was 0.2 percentage points lower than the New Mexico rate. The unemployment rate in Albuquerque peaked in June 2009 at 8.2% and is now 3.8 percentage points lower. From a post peak low of 4.2% in May 2018, the unemployment rate has now grown by 0.2 percentage points. You can also compare Albuquerque unemployment with unemployment in other cities.

Unemployment Rate October 2018 Month/Month Year/Year
National 3.7% 0.0 -0.4
New Mexico 4.6% 0.0 -1.4
Albuquerque 4.4% 0.0 -1.2
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with October 2018 data as November 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 June 2010 at 35,015. There are now 15,882 fewer people unemployed in the metropolitan area. From a recent trough of 18,249 in July 2018, the number of unemployed has now grown by 884. Albuquerque employment and jobs data (including jobs lost/gained in Albuquerque, New Mexico) is also available.

Unemployed Persons October 2018 Month/Month Year/Year
Albuquerque 19,133 +74 -4,770

Number of Unemployed Persons

Albuquerque, New Mexico Unemployment History

Date National
Unemployment Rate
New Mexico
Unemployment Rate
Albuquerque
Unemployment Rate
Albuquerque
Unemployed
November
2018
3.7%
October
2018
3.7% 4.6% 4.4% 19,133
September
2018
3.7% 4.6% 4.4% 19,059
August
2018
3.9% 4.6% 4.3% 18,764
July
2018
3.9% 4.7% 4.2% 18,249
June
2018
4.0% 4.9% 4.2% 18,277
May
2018
3.8% 5.1% 4.2% 18,266
April
2018
3.9% 5.4% 4.7% 20,125
March
2018
4.1% 5.6% 4.9% 21,036
February
2018
4.1% 5.8% 5.1% 21,782
January
2018
4.1% 5.9% 5.3% 22,644
December
2017
4.1% 6.0% 5.6% 23,867

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.