Mexico Jobless Rate Up to 4.24%


Mexican unemployment rate came in at 4.2 percent in January of 2016 from 4 percent in the previous two months while staying below market expectations of 4.4 percent. A year earlier, the jobless rate was slightly higher at 4.5 percent.

In the the first month of the year, 22.5 percent of the unemployed had not completed secondary education, while the highest level of education accounted to 77.5 percent. The figures for the situation of underemployment rates were 40.7 percent and 59.2 percent, respectively. The jobless rate for women went down by 0.3 p.p. to 4.2 percent and for men it fell by 0.4 p.p. to 4.2 percent.

The labour force participation rate went up to 59.1 percent from 58.9 percent in the previous month. The employed population reached 95.8 percent of the economically active population (up from 95.5 percent in December). Of the total employed, 68.3 percent operated as a subordinate worker, 22.4 percent worked independently or on their own without hiring employees, 5 percent worked in business or in family plots, contributing directly to production processes without monetary compensation, and finally 4.3 percent were employers.

Mexico Jobless Rate Up to 4.24%


INEGI | Joana Ferreira | joana.ferreira@tradingeconomics.com
2/26/2016 2:24:20 PM