Mexico Jobless Rate Edges Down to 3.9% in June


Mexican unemployment rate fell to 3.9 percent in June of 2016 from 4 percent in May, beating market expectations. A year earlier, the jobless rate was slightly higher at 4.4 percent.

Compared to the previous month, the jobless rate for women was unchanged at 4.1 percent and for men it fell by 0.2 p.p. to 3.8 percent from 4 percent. Among unemployed people, 19.7 percent had not completed secondary education, up from 18.4 percent in the previous month, while more people with a higher education level were unemployed (80.3 percent from 81.6 percent in May)

The labour force participation rate went down to 59.3 percent from 60.1 percent in May. Among employed people, 68.6 percent operated as a subordinate worker, 22.1 percent worked independently or on their own without hiring employees, 4.8 percent worked in business or in family plots, contributing directly to production processes without monetary compensation, and finally 4.5 percent were employers.

Mexico Jobless Rate Edges Down to 3.9% in June


INEGI | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/27/2016 2:22:55 PM