Mexico Unemployment Rate Down to 3.7%

The jobless rate in Mexico decreased to 3.7 percent in October of 2016 from 4.6 percent a year earlier. It is the lowest jobless rate for an October month since 2006. On a seasonally adjusted basis, it decreased to 3.6 percent from 3.9 percent in the previous month.

Compared to a year earlier, the jobless rate decreased for both men (3.7 percent from 4.3 percent) and women (3.7 percent from 5 percent). Among unemployed people, 17.5 percent had not completed secondary education, and 82.5 percent had a higher education.

Those underemployed accounted for 8.1 percent of total employed, less than 8.7 percent a year earlier. 

The participation rate fell to 59.5 percent from 60.1 percent in October of 2015.

Mexico Unemployment Rate Down to 3.7%

Joana Taborda |
11/28/2016 2:29:59 PM