Mexico Jobless Rate Drops To 3.4% In February

The jobless rate in Mexico declined to 3.4 percent in February of 2017 from 4.15 percent a year earlier and below market expectations of 3.65 percent. It is the lowest jobless rate for a February month since 2003. On a seasonally adjusted basis, it fell to 3.4 percent from 3.6 percent in January.

Compared to a year earlier, the jobless rate decreased for both men (3.3 percent from 4 percent) and women (3.4 percent from 4.3 percent). Among unemployed people, 18.9 percent had not completed secondary education, and 81.1 percent had a higher education.

Those underemployed accounted for 7.1 percent of total employed, less than 7.7 percent a year earlier.

The participation rate decreased to 59.4 percent from 59.6 percent in February of 2016.

Mexico Jobless Rate Drops To 3.4% In February

INEGI |Luisa Carvalho |
3/28/2017 2:43:27 PM