Hobbs, NM Micro Area: Unemployment Rate Trend
How Hobbs, NM Micro 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
6.2%
2023
7.0%
Total change
+0.8 pp
% change
+12.9%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 6.2% | — |
| 2019 | 6.3% | +0.1 pp (1.6%) |
| 2020 | 6.9% | +0.6 pp (9.5%) |
| 2021 | 7.2% | +0.3 pp (4.3%) |
| 2022 | 7.4% | +0.2 pp (2.8%) |
| 2023 | 7.0% | -0.4 pp (-5.4%) |