Mexico Jobless Rate Falls To 3.6% In January

The jobless in Mexico decreased to 3.6 percent in January of 2017 from 4.24 percent a year earlier and below market expectations of 3.8 percent. It is the lowest jobless rate for a January month since 2006.On a seasonally adjusted basis, it declined to 3.6 percent from 3.7 percent.

Compared to a year earlier, the jobless rate decreased for both men (3.5 percent from 4.2 percent) and women (3.8 percent from 4.2 percent). Among unemployed people, 19.7 percent had not completed secondary education, and 80 percent had a higher education.

Those underemployed accounted for 7.5 percent of total employed, less than 8.6 percent a year earlier.

The participation rate declined to 58.9 percent from 59.1 percent in January of 2016.

Mexico Jobless Rate Falls To 3.6% In January

INEGI | Luisa Carvalho |
2/27/2017 3:24:58 PM