Mexico Jobless Rate Lowest Since 2007

The unemployment rate in Mexico decreased to 3.2 percent in March of 2017 from 3.74 percent a year earlier and in line with market expectations. It is the lowest jobless rate since December of 2007. On a seasonally adjusted basis, it fell to 3.2 percent from 3.4 percent in February.

Compared to a year earlier, the unemployment rate declined for both men (3 percent from 3.8 percent) and women (3.5 percent from 3.6 percent). Among unemployed people, 17.4 percent had not completed secondary education and 82.6 percent had a higher education.

Those underemployed accounted for 6.5 percent of total employed, less than 7.3 percent a year earlier. 

The participation rate increased to 59.35 percent from 58.95 percent in March of 2016.

Mexico Jobless Rate Lowest Since 2007

Luisa Carvalho |
4/21/2017 1:31:14 PM