Mexico Unemployment Rate Falls to 3.5%


The jobless rate in Mexico decreased to 3.5 percent in November of 2016 from 3.96 percent a year earlier. It is the lowest jobless rate for a November month since 2005. On a seasonally adjusted basis, it was steady at 3.6 percent.

Compared to a year earlier, the jobless rate decreased for both men (3.55 percent from 3.9 percent) and women (3.47 percent from 4.05 percent). Among unemployed people, 15.2 percent had not completed secondary education, and 84.8 percent had a higher education.
 
Those underemployed accounted for 7 percent of total employed, less than 9.2 percent a year earlier.
 
The participation rate declined to 60 percent from 61.5 percent in November of 2015.

Mexico Unemployment Rate Falls to 3.5%


INEGI | Joana Taborda | joana.taborda@tradingeconomics.com
12/23/2016 2:34:19 PM