Albuquerque, New Mexico Unemployment
The BLS reported that the unemployment rate for Albuquerque fell 0.0 percentage points in November 2023 to 3.7%. For the same month, the metro unemployment rate was 0.2 percentage points lower than the New Mexico rate. The unemployment rate in Albuquerque peaked in May 2020 at 10.0% and is now 6.3 percentage points lower. From a post peak low of 3.1% in October 2022, the unemployment rate has now grown by 0.6 percentage points. You can also compare Albuquerque unemployment with unemployment in other cities.
| Unemployment Rate | November 2023 | Month/Month | Year/Year |
|---|---|---|---|
| National | 3.7% | -0.1 | +0.1 |
| New Mexico | 3.9% | +0.1 | +0.4 |
| Albuquerque | 3.7% | 0.0 | +0.6 |
Unemployment Rate: Albuquerque, New Mexico, National
Note: Recessions shown in gray.
Albuquerque, New Mexico Unemployed
The number of people unemployed in Albuquerque peaked in May 2020 at 41,703. There are now 24,822 fewer people unemployed in the metropolitan area. From a recent trough of 13,788 in October 2022, the number of unemployed has now grown by 3,093. Albuquerque employment and jobs data (including jobs lost/gained in Albuquerque, New Mexico) is also available.
| Unemployed Persons | November 2023 | Month/Month | Year/Year |
|---|---|---|---|
| Albuquerque | 16,881 | +385 | +3,025 |
Number of Unemployed Persons
Albuquerque, New Mexico Unemployment History
| Date | National Unemployment Rate |
New Mexico Unemployment Rate |
Albuquerque Unemployment Rate |
Albuquerque Unemployed |
|---|---|---|---|---|
| December 2023 |
3.7% | — | — | — |
| November 2023 |
3.7% | 3.9% | 3.7% | 16,881 |
| October 2023 |
3.8% | 3.8% | 3.7% | 16,496 |
| September 2023 |
3.8% | 3.7% | 3.6% | 16,093 |
| August 2023 |
3.8% | 3.7% | 3.6% | 15,873 |
| July 2023 |
3.5% | 3.6% | 3.4% | 15,317 |
| June 2023 |
3.6% | 3.5% | 3.3% | 14,745 |
| May 2023 |
3.7% | 3.5% | 3.3% | 14,462 |
| April 2023 |
3.4% | 3.5% | 3.2% | 14,226 |
| March 2023 |
3.5% | 3.5% | 3.2% | 14,216 |
| February 2023 |
3.6% | 3.6% | 3.2% | 14,326 |
| January 2023 |
3.4% | 3.5% | 3.2% | 14,013 |
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. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
