Mexico Jobless Rate Down to 3.4% in July

The unemployment rate in Mexico declined to 3.4 percent in July of 2017 from 4 percent a year earlier and matching market expectations. It is the lowest jobless rate for a July month since the series began in January of 2005. When adjusted for seasonality, the unemployment fell to 3.2 percent from 3.3 percent.

Compared to July of 2016, the jobless rate rate fell for both men (3.4 percent vs 3.9 percent) and women (3.4 percent vs 4.1 percent). Among unemployed people, 17.7 percent had not completed secondary education and 82.3 percent had a higher education.

Those underemployed accounted for 6.5 percent of total employed, lower than 8 percent a year earlier.

The participation rate edged down to 59.8 percent from 60.5 percent in July of 2016.

Mexico Jobless Rate Down to 3.4% in July

INEGI |Luisa Carvalho |
8/25/2017 1:23:44 PM