Mexico Jobless Rate Rises to 4.0% in July


Mexican unemployment rate increased to 4.0 percent in July of 2016 from 3.93 percent in June, while below market expectations of 4.2 percent. Meantime, it was the lowest level for July month since 2007. A year earlier, the jobless rate was higher at 4.72 percent. On a seasonally adjusted basis, the jobless rate fell to 3.8 percent from 3.9 percent, the lowest in almost eight years.

Compared to the previous month, the jobless rate for women increased by 0.05 p.p. to 4.14 percent and for men rose by 0.09 p.p. to 3.92 percent. Among unemployed people, 16.3 percent had not completed secondary education, compared to 19.7 percent in the previous month, while more people with a higher education level were unemployed (83.7 percent from 81.6 percent in June).

The labour force participation rate went up to 59.8 percent from 59.0 percent in June. Among employed people, 68 percent operated as a subordinate worker, 22.4 percent worked independently or on their own without hiring employees, 5.1 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 Rises to 4.0% in July


INEGI | Yekaterina Guchshina | yekaterina@tradingeconomics.com
8/29/2016 3:13:50 PM