New Mexico’s seasonally adjusted unemployment rate (based on the Current Population Survey, also known as the household survey) was 4.8 percent in March 2026, up from 4.7 percent in February 2026, and up from 4.1 percent in March 2025.
Source: New Mexico Department of Workforce Solutions
The New Mexico Labor Market Review (LMR) presents the most up-to-date labor market highlights and happenings. The LMR is produced and published monthly and includes data on the labor force, jobs, and unemployment for the state and select substate areas. Additional information and historical data are available at the Workforce Solutions website: www.dws.state.nm.us/LMI.
In the public sector, a gain of 1,300 jobs, or 2.2 percent, in state government and a gain of 400 jobs, or 0.4 percent, in local government were together offset by a loss of 2,700 jobs, or 9.3 percent, in federal government.
Over the year, total nonfarm employment in the Albuquerque MSA contracted by 5,300 jobs, or 1.3 percent. The private sector was down 4,300 jobs, representing a 1.3 percent decrease, while the public sector was down 1,000 jobs, or 1.2 percent. The following private-sector industries added jobs: private education and health services, up 2,600 jobs, or 3.6 percent; trade, transportation, and utilities, up 600 jobs, or 0.9 percent; information, up 300 jobs, or 5.7. percent; and leisure and hospitality, up 200 jobs, or 0.4 percent.
Professional and business services was down 4,500 jobs, or 6.8 percent. Mining and construction was down 2,300 jobs, or 8.3 percent. Manufacturing was down 800 jobs, or 4.7 percent. Miscellaneous other services was down 300 jobs, or 2.2 percent. Financial activities was down 100 jobs, or 0.5 percent.
You must be logged in to post a comment.