New Mexico’s seasonally adjusted unemployment rate was 4.0 percent in December 2023, Up from 3.9 percent in November and up from 3.5 percent in the previous year. The national unemployment rate in December was 3.7 percent, unchanged from November and up from 3.5 percent in December 2022. Total nonagricultural payroll employment grew by 20,500 jobs, or 2.4 percent, between December 2022 and December 2023.