Mexico Unemployment Rate Falls to 4.1% in September


The jobless rate in Mexico decreased to 4.1 percent in September of 2016 compared to 4.5 percent a year earlier. It is the lowest unemployment rate for a September month since 2008 but higher than market expectations of 4 percent. On a seasonally adjusted basis, it increased to 3.9 percent from 3.7 percent in the previous month.

Compared to a year earlier, the jobless rate decreased for both men (4 percent from 4.4 percent) and women (4.4 percent from 4.6 percent). However, urban unemployment rate for men increased to 5.4 percent from 5.2 percent while for women urban unemployment fell (5.3 percent from 5.6 percent). Among unemployed people, 18.4 percent had not completed secondary education, and 81.5 percent had a higher education.

The participation rate increased to 59.7 percent from 59.5 percent in September of 2015. Among employed people, 68.3 percent operated as a subordinate worker, 22.2 percent worked independently, 4.9 percent worked in business or in family plots, contributing directly to production processes without monetary compensation, and 4.5 percent were employers. Among sectors, 42.4 percent worked in services activities; 19.5 percent in internal trade; 15.9 percent in industry; 13.3 percent in agriculture and 7.8 percent in the construction sector.

Mexico Unemployment Rate Falls to 4.1% in September


INEGI | Joana Taborda | joana.taborda@tradingeconomics.com
10/24/2016 1:29:32 PM