Unemployment Rate in New Mexico was 5.50% in January of 2022, according to the United States Federal Reserve. Historically, Unemployment Rate in New Mexico reached a record high of 13.40 in July of 2020 and a record low of 3.20 in October of 2007. Trading Economics provides the current actual value, an historical data chart and related indicators for Unemployment Rate in New Mexico - last updated from the United States Federal Reserve on March of 2024.