Mexico Jobless Rate Falls To 3.6% In May

The unemployment rate in Mexico decreased to 3.6 percent in May of 2017 from 4 percent a year ago and in line with market expectations. On a seasonally adjusted basis, the jobless rate fell to 3.5 percent from 3.6 percent in April.

Compared to May 2016, the unemployment rate declined for both men (3.4 percent from 4 percent) and women (3.8 from 4.1 percent). Among unemployed people, 17.2 percent had not completed secondary education and 82.8 percent had a higher education.

Those underemployed accounted for 6.9 percent of total employed, lower than 8.5 percent a year earlier.

The participation rate decreased to 59.42 percent from 60.10 percent in May of 2016.

Mexico Jobless Rate Falls To 3.6% In May

INEGI |Luisa Carvalho |
6/26/2017 3:39:19 PM