Farmington, New Mexico Unemployment
The BLS reported that the unemployment rate for Farmington fell 0.0 percentage points in September 2022 to 5.0%. For the same month, the metro unemployment rate was 0.8 percentage points higher than the New Mexico rate. The unemployment rate in Farmington peaked in September 2020 at 11.8% and is now 6.8 percentage points lower. From a post peak low of 5.0% in August 2022, the unemployment rate has now grown by 0.0 percentage points. You can also compare Farmington unemployment with unemployment in other cities.
| Unemployment Rate | September 2022 | Month/Month | Year/Year |
|---|---|---|---|
| National | 3.5% | -0.2 | -1.2 |
| New Mexico | 4.2% | -0.2 | -2.0 |
| Farmington | 5.0% | 0.0 | -2.5 |
Unemployment Rate: Farmington, New Mexico, National
Note: Recessions shown in gray.
Farmington, New Mexico Unemployed
The number of people unemployed in Farmington peaked in September 2020 at 6,098. There are now 3,636 fewer people unemployed in the metropolitan area. From a recent trough of 2,447 in August 2022, the number of unemployed has now grown by 15. Farmington employment and jobs data (including jobs lost/gained in Farmington, New Mexico) is also available.
| Unemployed Persons | September 2022 | Month/Month | Year/Year |
|---|---|---|---|
| Farmington | 2,462 | +15 | -1,282 |
Number of Unemployed Persons
Farmington, New Mexico Unemployment History
| Date | National Unemployment Rate |
New Mexico Unemployment Rate |
Farmington Unemployment Rate |
Farmington Unemployed |
|---|---|---|---|---|
| October 2022 |
3.7% | — | — | — |
| September 2022 |
3.5% | 4.2% | 5.0% | 2,462 |
| August 2022 |
3.7% | 4.4% | 5.0% | 2,447 |
| July 2022 |
3.5% | 4.5% | 5.1% | 2,537 |
| June 2022 |
3.6% | 4.9% | 5.5% | 2,725 |
| May 2022 |
3.6% | 5.1% | 5.8% | 2,879 |
| April 2022 |
3.6% | 5.3% | 6.1% | 3,024 |
| March 2022 |
3.6% | 5.3% | 6.3% | 3,160 |
| February 2022 |
3.8% | 5.6% | 6.7% | 3,321 |
| January 2022 |
4.0% | 5.9% | 7.0% | 3,513 |
| December 2021 |
3.9% | 5.9% | 7.3% | 3,649 |
| November 2021 |
4.2% | 6.0% | 7.3% | 3,641 |
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. ↩
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