United States Congress Joint Economic Committee

New Mexico

October 2019

Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
New Mexico Unemployment (U-3) 4.9% 4.9% 4.8%
U.S. Official Rate (U-3) 3.5% 3.7% 3.7%
U.S. "Real" Rate (U-6) 6.9% 7.2% 7.5%
New Mexico Labor Force Participation Rate 58.7% 58.6% 57.6%
U.S. Labor Force Participation Rate 63.2% 63.2% 62.7%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 1.7% 1.7% 2.3%
"Core" CPI Inflation 2.4% 2.4% 2.2%
National Gas/gal. Updated 10/16/19 12:00 AM $2.66 $2.56 $2.88
New Mexico Gas/gal. $2.57 $2.51 $2.83
West Region: Loaf of Bread $1.66 $1.58 $1.48
West Region: Milk/gal. $3.08 $3.07 $2.93
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q2/2019 (3rd Estimate)
2.0%
NM Real GDP
Q2/2018
2.7%
S&P 500 (YTD)
19.50% Updated 10/16/19 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
NM Hourly Rate
$7.50
Last Generated: 10/16/19 5:14 AM