United States Congress Joint Economic Committee

New Mexico

November 2016

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Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
New Mexico Unemployment (U-3) 6.7% 6.6% 6.5%
U.S. Official Rate (U-3) 4.9% 5.0% 5.0%
U.S. "Real" Rate (U-6) 9.5% 9.7% 9.8%
New Mexico Labor Force Participation Rate 57.6% 57.6% 57.0%
U.S. Labor Force Participation Rate 62.8% 62.9% 62.5%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 1.5% 1.1% 0.0%
"Core" CPI Inflation 2.2% 2.3% 1.9%
National Gas/gal. Updated 11/8/16 3:38 AM $2.21 $2.26 $2.22
New Mexico Gas/gal. $2.10 $2.13 $2.13
West Region: Loaf of Bread $1.45 $1.49 $1.47
West Region: Milk/gal. $3.17 $3.03 $3.10
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q3/2016 (1st Estimate)
2.9%
NM Real GDP
Q1/2016
-0.6%
S&P 500 (YTD)
4.28% Updated 11/8/16 6:30 AM
Obamacare Premium Increases Updated 11/1/16
Nationwide 25.2%
New Mexico 29.5%
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
NM Hourly Rate
$7.50
Last Generated: 11/8/16 6:30 AM