New Mexico Unemployment Remains Steady at 4.7 Percent
The state saw modest payroll growth in September as job gains in construction offset declines in business services.
Updated on Oct. 26, 2026 in Employment
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New Mexico recorded a seasonally adjusted unemployment rate of 4.7 percent in September 2026, holding steady from the previous month. The state added 11,200 nonagricultural jobs compared to September 2025.
Why it matters
Employment trends provide a critical look at the economic health of New Mexico. The divergence between growing sectors like mining and shrinking areas like federal employment highlights ongoing shifts in the regional labor market.
The Department of Workforce Solutions reported a 4.7 percent unemployment rate, matching the national average of 4.2 percent in September 2026. Payroll employment grew by 11,200 jobs, representing a 1.3 percent total increase over the past year.
The players
Department of Workforce Solutions
This is the state agency responsible for tracking employment metrics and calculating the seasonally adjusted unemployment rate for New Mexico.
The details
Job gains were led by the mining and construction sector, which added 4,200 positions, while total private sector employment rose by 8,400. Conversely, professional and business services saw a decrease of 2,900 jobs, and the federal government sector lost 2,000 positions.
Timeline
September 2025 served as the baseline for year-over-year employment growth statistics.
The New Mexico unemployment rate reached 4.7 percent in August 2026.
The New Mexico unemployment rate held at 4.7 percent throughout September 2026.
The Labor Market Review is scheduled for release on October 27, 2026.
Macro View
This report follows the standard methodology established by the Bureau of Labor Statistics' Current Employment Statistics survey to track monthly payroll fluctuations. The state's trajectory mirrors broader historical cycles where regional sector gains compensate for federal government contractions.
Job seekers in the mining and construction sectors may find more opportunities due to the addition of 4,200 jobs. However, those looking for work in professional services or federal agencies should remain aware of recent sector-specific declines.
The takeaway
While the state shows resilience through private sector growth, the contraction in professional services indicates areas of potential volatility. Workers should monitor sector-specific hiring patterns to better navigate the local job market.
What happens next
Further analysis will be provided in the Labor Market Review expected October 27, 2026.
Further reading
For a broader look at regional trends, explore the Employment section.
More information
View the full New Mexico employment data snapshot to track specific industry performance.
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