Department of Numbers

Laredo, Texas Unemployment

The BLS reported that the unemployment rate for Laredo rose 0.1 percentage points in May 2023 to 4.3%. For the same month, the metro unemployment rate was 0.2 percentage points higher than the Texas rate. The unemployment rate in Laredo peaked in May 2020 at 13.2% and is now 8.9 percentage points lower. From a post peak low of 3.9% in July 2022, the unemployment rate has now grown by 0.4 percentage points. You can also compare Laredo unemployment with unemployment in other cities.

Unemployment Rate May 2023 Month/Month Year/Year
National 3.7% +0.3 +0.1
Texas 4.1% +0.1 +0.3
Laredo 4.3% +0.1 +0.2
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with May 2023 data as June metro level unemployment data has not yet been released.

Unemployment Rate: Laredo, Texas, National

Laredo, Texas monthly unemployment rate chart

Note: Recessions shown in gray.

Laredo, Texas Unemployed

The number of people unemployed in Laredo peaked in May 2020 at 15,112. There are now 9,993 fewer people unemployed in the metropolitan area. From a recent trough of 4,528 in August 2022, the number of unemployed has now grown by 591. Laredo employment and jobs data (including jobs lost/gained in Laredo, Texas) is also available.

Unemployed Persons May 2023 Month/Month Year/Year
Laredo 5,119 +100 +321

Number of Unemployed Persons

Laredo, Texas Unemployment History

Date National
Unemployment Rate
Texas
Unemployment Rate
Laredo
Unemployment Rate
Laredo
Unemployed
June
2023
3.6%
May
2023
3.7% 4.1% 4.3% 5,119
April
2023
3.4% 4.0% 4.2% 5,019
March
2023
3.5% 4.0% 4.2% 4,985
February
2023
3.6% 4.0% 4.1% 4,856
January
2023
3.4% 3.9% 4.0% 4,660
December
2022
3.5% 3.8% 3.9% 4,580
November
2022
3.6% 3.8% 3.9% 4,572
October
2022
3.7% 3.9% 3.9% 4,551
September
2022
3.5% 3.8% 3.9% 4,529
August
2022
3.7% 3.7% 3.9% 4,528
July
2022
3.5% 3.8% 3.9% 4,564

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.