Albuquerque, NM Metro Area: Unemployment Rate Trend
How Albuquerque, NM Metro Area's unemployment rate changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
7.0%
2023
5.5%
Total change
-1.5 pp
% change
-21.4%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 7.0% | — |
| 2019 | 6.0% | -1.0 pp (-14.3%) |
| 2020 | 5.9% | -0.1 pp (-1.7%) |
| 2021 | 6.1% | +0.2 pp (3.4%) |
| 2022 | 5.7% | -0.4 pp (-6.6%) |
| 2023 | 5.5% | -0.2 pp (-3.5%) |