Santa Fe, New Mexico Unemployment
The BLS reported that the unemployment rate for Santa Fe rose 0.1 percentage points in November 2023 to 3.6%. For the same month, the metro unemployment rate was 0.3 percentage points lower than the New Mexico rate. The unemployment rate in Santa Fe peaked in May 2020 at 10.3% and is now 6.7 percentage points lower. From a post peak low of 3.0% in October 2022, the unemployment rate has now grown by 0.6 percentage points. You can also compare Santa Fe 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 |
| Santa Fe | 3.6% | +0.1 | +0.6 |
Unemployment Rate: Santa Fe, New Mexico, National
Note: Recessions shown in gray.
Santa Fe, New Mexico Unemployed
The number of people unemployed in Santa Fe peaked in May 2020 at 7,091. There are now 4,454 fewer people unemployed in the metropolitan area. From a recent trough of 2,152 in April 2023, the number of unemployed has now grown by 485. Santa Fe employment and jobs data (including jobs lost/gained in Santa Fe, New Mexico) is also available.
| Unemployed Persons | November 2023 | Month/Month | Year/Year |
|---|---|---|---|
| Santa Fe | 2,637 | +58 | +457 |
Number of Unemployed Persons
Santa Fe, New Mexico Unemployment History
| Date | National Unemployment Rate |
New Mexico Unemployment Rate |
Santa Fe Unemployment Rate |
Santa Fe Unemployed |
|---|---|---|---|---|
| December 2023 |
3.7% | — | — | — |
| November 2023 |
3.7% | 3.9% | 3.6% | 2,637 |
| October 2023 |
3.8% | 3.8% | 3.5% | 2,579 |
| September 2023 |
3.8% | 3.7% | 3.5% | 2,513 |
| August 2023 |
3.8% | 3.7% | 3.4% | 2,450 |
| July 2023 |
3.5% | 3.6% | 3.2% | 2,339 |
| June 2023 |
3.6% | 3.5% | 3.1% | 2,227 |
| May 2023 |
3.7% | 3.5% | 3.0% | 2,182 |
| April 2023 |
3.4% | 3.5% | 3.0% | 2,152 |
| March 2023 |
3.5% | 3.5% | 3.0% | 2,159 |
| February 2023 |
3.6% | 3.6% | 3.0% | 2,193 |
| January 2023 |
3.4% | 3.5% | 3.0% | 2,176 |
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.
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