Mexico Unemployment Rate Down to 4.15%

Mexican jobless rate was recorded at 4.15 percent in February of 2016 from the 4.24 percent in the previous month.

The unemployment rate remained stable for women at 4.3 percent while for man it fell by 0.3 p.p. to 4 percent.  Among unemployed people, 18.7 percent had not completed secondary education and 81.3 percent had a higher education level.

The labor force participation rate rose by 0.2 p.p. to 59.6 percent. Among employed people, 68.2 percent worked as a subordinate worker, 22.7 percent worked independently or on their own without hiring employees, 4.6 percent worked in business or in family plots, contributing directly to production processes without monetary compensation, and 4.5 percent were employers.

A year earlier, unemployment rate was slightly higher at 4.33 percent.

Mexico Unemployment Rate Down to 4.15%

INEGI | Francisco Caeiro |
3/30/2016 4:08:53 PM