Department of Numbers

Albuquerque, New Mexico Unemployment

The BLS reported that the unemployment rate for Albuquerque fell 0.1 percentage points in May 2021 to 7.7%. 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 July 2020 at 12.2% and is now 4.5 percentage points lower. From a post peak low of 7.5% in February 2021, the unemployment rate has now grown by 0.2 percentage points. You can also compare Albuquerque unemployment with unemployment in other cities.

Unemployment Rate May 2021 Month/Month Year/Year
National 5.8% -0.3 -7.5
New Mexico 8.0% -0.1 -2.0
Albuquerque 7.7% -0.1 -3.0
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with May 2021 data as June 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 July 2020 at 53,133. There are now 19,483 fewer people unemployed in the metropolitan area. From a recent trough of 32,647 in February 2021, the number of unemployed has now grown by 1,003. Albuquerque employment and jobs data (including jobs lost/gained in Albuquerque, New Mexico) is also available.

Unemployed Persons May 2021 Month/Month Year/Year
Albuquerque 33,650 -113 -10,599

Number of Unemployed Persons

Albuquerque, New Mexico Unemployment History

Date National
Unemployment Rate
New Mexico
Unemployment Rate
Albuquerque
Unemployment Rate
Albuquerque
Unemployed
June
2021
5.9%
May
2021
5.8% 8.0% 7.7% 33,650
April
2021
6.1% 8.1% 7.8% 33,763
March
2021
6.0% 8.3% 7.7% 33,349
February
2021
6.2% 8.3% 7.5% 32,647
January
2021
6.3% 8.7% 8.1% 35,392
December
2020
6.7% 8.6% 7.8% 34,005
November
2020
6.7% 8.5% 7.8% 33,977
October
2020
6.9% 8.5% 7.7% 33,618
September
2020
7.8% 8.6% 8.3% 37,020
August
2020
8.4% 9.3% 8.7% 37,076
July
2020
10.2% 12.5% 12.2% 53,133

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.