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 |
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 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. ↩
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