Farmington, NM Metro Area: Unemployment Rate Trend
How Farmington, 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
9.6%
2023
7.8%
Total change
-1.8 pp
% change
-18.8%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 9.6% | — |
| 2019 | 8.7% | -0.9 pp (-9.4%) |
| 2020 | 8.2% | -0.5 pp (-5.7%) |
| 2021 | 8.2% | +0.0 pp (0%) |
| 2022 | 8.9% | +0.7 pp (8.5%) |
| 2023 | 7.8% | -1.1 pp (-12.4%) |