Mexico Unemployment Rate Falls Slightly

Mexican jobless rate decreased to 4.68 percent in August of 2015 from 4.72 percent in July, in line with market expectations. A year earlier, unemployment was higher at 5.18 percent.

The jobless rate for women decreased by 0.15 p.p. to 4.95 percent while for men it increased by 0.03 p.p. to 4.51 percent.

The labour force participation rate edged up to 60.3 percent in August from 60 percent in July. 95.3 percent were working (the same as in July) while slightly less people said could work more hours (8.2 percent from 8.5 percent in July). 

In 2009, the unemployment rate jumped to nearly 6 percent, reaching an all-time high of 5.93 percent in May of 2009. However, it has been slowing since then, staying below 5 percent since October last year, but above the 3.72 percent average of 2007. 

Mexico Unemployment Rate Falls Slightly

Joana Taborda |
9/28/2015 2:29:39 PM