Mexico Unemployment Rate at 3-Month Low

Mexican jobless rate decreased to 4.5 percent in September of 2015 from 4.68 percent in August, below market expectations. A year earlier, unemployment was higher at 5.08 percent.

The jobless rate for women decreased by 0.4 p.p. to 4.6 percent and for men it fell to 4.4 percent from 5.2 percent.

The labour force participation rate went down to 59.5 percent in September from 60.3 percent in August. 95.5 percent were working (up from 95.3 percent in Augustthe same as in July) while 8.5 percent  said could work more hours (8.5 percent in August). 

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 at 3-Month Low

Joana Taborda |
10/23/2015 2:13:24 PM