Overall unemployment rate moved down to 5.0% with the biggest shift in Restaurants & Hotels, which gained 200 roles, based on the most recently available information published in December 2021.
Total employment in the Santa Fe, NM market rose by 467 jobs in October and the unemployment rate decreased compared to the prior month by 40 bps to 5.0%. The national unemployment rate decreased by 30 bps over the same time to 4.3%.
- Santa Fe, NM unemployment rate is 74 bps above the national rate which is a negative sign.
- Unemployment in the market is 280 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in October versus prior month by 10.5% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
For key employment segments of the market, total jobs grew by 1.4% . Key sectors include:
- Government: 13,600; +200
- Education & Healthcare: 10,200; +200
- Transportation & Utilities: 9,700; +200
- Restaurants & Hotels: 8,900; +200
- Business Services: 5,200; -100
- Other Jobs: 3,300; no change
- Construction, Mining: 2,900; no change
- Financial Services: 2,300; no change
- Manufacturing: 800; no change
- IT & Development: 800; +100
Employment Change by Key Sector
Data is based on the most recent 12 months available, through October 2021 (Data published December 2021 and reports created on December 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.