New Mexico: Unemployment Rate Trend
How New Mexico'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
7.7%
2023
6.0%
Total change
-1.7 pp
% change
-22.1%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 7.7% | — |
| 2019 | 6.7% | -1.0 pp (-13%) |
| 2020 | — | — |
| 2021 | 6.6% | — |
| 2022 | 6.2% | -0.4 pp (-6.1%) |
| 2023 | 6.0% | -0.2 pp (-3.2%) |