Department of Numbers

Farmington, New Mexico Unemployment

The BLS reported that the unemployment rate for Farmington fell 0.0 percentage points in September 2023 to 4.3%. For the same month, the metro unemployment rate was 0.6 percentage points higher than the New Mexico rate. The unemployment rate in Farmington peaked in May 2020 at 11.1% and is now 6.8 percentage points lower. From a post peak low of 4.0% in September 2022, the unemployment rate has now grown by 0.3 percentage points. You can also compare Farmington unemployment with unemployment in other cities.

Unemployment Rate September 2023 Month/Month Year/Year
National 3.8% 0.0 +0.3
New Mexico 3.7% 0.0 +0.2
Farmington 4.3% 0.0 +0.3
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with September 2023 data as October metro level unemployment data has not yet been released.

Unemployment Rate: Farmington, New Mexico, National

Farmington, New Mexico monthly unemployment rate chart

Note: Recessions shown in gray.

Farmington, New Mexico Unemployed

The number of people unemployed in Farmington peaked in September 2020 at 5,601. There are now 3,461 fewer people unemployed in the metropolitan area. From a recent trough of 1,957 in October 2022, the number of unemployed has now grown by 183. Farmington employment and jobs data (including jobs lost/gained in Farmington, New Mexico) is also available.

Unemployed Persons September 2023 Month/Month Year/Year
Farmington 2,140 +4 +175

Number of Unemployed Persons

Farmington, New Mexico Unemployment History

Date National
Unemployment Rate
New Mexico
Unemployment Rate
Farmington
Unemployment Rate
Farmington
Unemployed
October
2023
3.9% 3.8%
September
2023
3.8% 3.7% 4.3% 2,140
August
2023
3.8% 3.7% 4.3% 2,136
July
2023
3.5% 3.6% 4.2% 2,096
June
2023
3.6% 3.5% 4.1% 2,057
May
2023
3.7% 3.5% 4.1% 2,039
April
2023
3.4% 3.5% 4.0% 2,012
March
2023
3.5% 3.5% 4.0% 2,016
February
2023
3.6% 3.6% 4.1% 2,036
January
2023
3.4% 3.5% 4.0% 1,989
December
2022
3.5% 3.5% 4.0% 1,973
November
2022
3.6% 3.5% 4.0% 1,966

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.