New Mexico's Unemployment Rate was 3.9% in February 2024

New Mexico’s seasonally adjusted unemployment rate was 3.9 percent in February 2024, down from 4.0 percent in January and up from 3.6 percent in the previous year. The national unemployment rate in February was 3.9 percent, up from 3.7 percent in January and up from 3.6 percent in February 2023. Total nonagricultural payroll employment grew by 13,700 jobs, or 1.6 percent, between February 2023 and February 2024.
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