States · New Mexico

New Mexico Economy — Live Data

How is the economy doing in New Mexico? Unemployment is at 4.9%, above the national rate of 4.2%. As one of the key economies in the Southwest, New Mexico leans on energy, federal labs, and film production. Below: live jobs, housing, and income data from FRED and the BLS.

Unemployment Rate
4.9%
▲ Above US average (4.2%)
Nonfarm Jobs
898K
→ +0.4% jobs YoY
House Prices (YoY)
+3.0%
▲ Rising
Per-Capita Income
$62K
▲ +5.7% vs prior year
New Mexico vs. United States — Unemployment
New Mexico
4.9%
United States
4.2%

New Mexico is running above the national unemployment rate. At 4.9% vs 4.2% nationally, local job seekers face a somewhat tougher market than the US average.

Jobs & Output
Nonfarm payrolls
898K
Job growth (YoY)
+0.4%
Real GDP (2025)
$121B
GDP growth (YoY)
+1.5%

Payrolls are monthly (BLS); GDP and income are annual (BEA). Key sectors in New Mexico: energy, federal labs, and film production.

What this means if you live or work in New Mexico
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Job market
With unemployment at or above the national average, hiring in New Mexico is more employer-friendly — job seekers should expect more competition per opening.
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Housing
House prices are rising moderately (+3.0% YoY) — a balanced market by recent standards.
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Income
Per-capita personal income in New Mexico is $61,645, up 5.7% from the prior year. Compare against national inflation to gauge real purchasing power.
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Key industries
New Mexico's economy leans on energy, federal labs, and film production — sector-specific national trends (energy prices, rates, consumer spending) hit this state through those channels first.
Key Numbers — New Mexico
Unemployment4.9%
US unemployment4.2%
Nonfarm jobs898K
House prices YoY+3.0%
Per-capita income$61,645
Real GDP$121B
Labor data as ofMay 2026
Nearby States
Arizona economy → Texas economy → Colorado economy → Oklahoma economy → All 50 states →
National Data
US labor market → US housing data → US inflation → Full dashboard →

Data: FRED (Federal Reserve Bank of St. Louis) — series NMUR, NMNA, NMSTHPI, NMPCPI, NMRGSP — plus BLS and BEA. Live values load on page open; figures shown are the most recent official releases. Not financial advice.