Mexico Jobless Rate Up To 4% in May


Mexico unemployment rate came in at 4 percent in May of 2016, up from 3.8 percent in April. Employment rate dropped to 95.97 percent from 96.2 in the previous period. A year earlier, the jobless rate was higher at 4.45 percent.

Compared to the previous month, the unemployment increased for both women (4.1 percent from 3.69 percent) and men (3.98 percent from 3.87 percent). Among unemployed people, 18.4 percent had not completed secondary education, down from 19.8 percent in April. In contrast, more people with a higher education level were unemployed (81.6 percent from 80.2 percent in April).

The labor force participation rate rose to 60.1 percent from 59.4 in April. Among employed people, 67.8 percent worked as a subordinate worker (68.9 percent in April); 22.7 percent worked independently or on their own without hiring employees (22 percent in April); 5 percent worked in business or in family plots, contributing directly to production processes without monetary compensation (4.8 percent in April) and 4.5 percent were employers (4.3 percent in April).

Mexico Jobless Rate Up To 4% in May


INEGI | Francisco Caeiro | francisco.caeiro@tradingeconomics.com
6/28/2016 3:10:31 PM