Mexico Jobless Rate Falls To 3.5% In April

The unemployment rate in Mexico decreased to 3.5 percent in April of 2017 from 3.8 percent a year ago but worse than market expectations of 3.32 percent. On a seasonally adjusted basis, it rose to 3.5 percent from 3.2 percent in March.

Compared to a year earlier, the unemployment rate declined for men (3.3 percent from 3.9 percent) and was steady for women (3.7 percent). Among unemployed people, 18.3 percent had not completed secondary education and 81.7 percent had a higher education.

Those underemployed accounted for 7.6 percent of total employed, higher than 7.5 percent a year earlier.

The participation rate decreased to 58.93 percent from 59.35 in April of 2016.

Mexico Jobless Rate Falls To 3.5% In April

INEGI |Luisa Carvalho |
6/26/2017 12:35:41 PM