New Mexico’s seasonally adjusted unemployment rate was 4.1 percent in August, up from 4.0 percent in July and up from 3.8 percent in the previous year. Total nonagricultural payroll employment grew by 12,500 jobs, or 1.4 percent, between August 2023 and August 2024.
New Mexico’s seasonally adjusted unemployment rate was 4.0 percent in July 2024, up from 3.9 percent in June and up from 3.7 percent in the previous year. The national unemployment rate in July was 4.3 percent, up from 4.1 percent in June and up from 3.5 percent in July 2023. Total nonagricultural payroll employment grew by 19,200 jobs, or 2.2 percent, between July 2023 and July 2024.