Overall unemployment rate moved down to 4.9% with the biggest shift in Education & Healthcare, which lost 200 roles, based on the most recently available information published in December 2021.

Total employment in the Santa Fe, NM market rose by 606 jobs in November and the unemployment rate decreased compared to the prior month by 10 bps to 4.9%. The national unemployment rate decreased by 37 bps over the same time to 3.9%.

  • Santa Fe, NM unemployment rate is 101 bps above the national rate which is a negative sign.
  • Unemployment in the market is 260 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in November versus prior month by 8.3% and are down compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Santa Fe, NM Unemployment November 2021

For key employment segments of the market, total jobs declined by -0.9%. Key sectors include:

  • Government: 13,500; -100
  • Education & Healthcare: 10,100; -200
  • Transportation & Utilities: 9,600; -100
  • Restaurants & Hotels: 8,800; no change
  • Business Services: 5,200; no change
  • Other Jobs: 3,300; no change
  • Construction, Mining: 2,900; no change
  • Financial Services: 2,300; no change
  • Manufacturing: 800; no change
  • IT & Development: 700; -100
Santa Fe, NM Unemployment by Industry November 2021

Data is based on the most recent 12 months available, through November 2021 (Data published December 2021 and reports created on January 6, 2021).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.