The Mexican unemployment rate decreased to 3.3 percent in May of 2022 from 4.0 percent in the corresponding period a year ago, less than market expectations of 3.1 percent. The employed population increased by 2.2 million to 57.1 million persons, while those unemployed decreased by 0.352 million to 1.9 million. At the same time, the economically active population rose by 1.9 million persons to 59.1 million, which resulted in a participation rate of 59.6 percent. Seasonally adjusted, the unemployment rate rose to 3.4 percent, from 3.8 percent in April. source: Instituto Nacional de Estadística y Geografía (INEGI)
Unemployment Rate in Mexico averaged 3.78 percent from 1994 until 2022, reaching an all time high of 6.42 percent in September of 2009 and a record low of 2.22 percent in March of 1997. This page provides the latest reported value for - Mexico Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Mexico Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Unemployment Rate in Mexico is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Unemployment Rate is projected to trend around 3.00 percent in 2023, according to our econometric models.