The unemployment rate in Mexico fell to 2.9 percent in March 2020 from 3.2 in the corresponding month of the previous year. The jobless rate dropped for both men (2.9 percent from 3.2 percent) and women (3.0 percent from 3.4 percent). Among unemployed people, 14 percent had not completed secondary education while 86 percent had a higher education. Meantime, the participation rate went down to 59.8 percent from 60.0 percent a year earlier. When adjusted for seasonality, the jobless rate declined to 3.3 percent from 3.7 percent in February.

Unemployment Rate in Mexico averaged 3.74 percent from 1994 until 2020, 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 September of 2020. source: Instituto Nacional de Estadística y Geografía (INEGI)

Unemployment Rate in Mexico is expected to be 5.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Mexico to stand at 6.00 in 12 months time. In the long-term, the Mexico Unemployment Rate is projected to trend around 5.90 percent in 2021 and 4.50 percent in 2022, according to our econometric models.

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Mexico Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.90 3.60 6.42 2.22 1994 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-01-21 12:00 PM Unemployment Rate Dec 2.9% 3.4% 3.5% 3.5%
2020-02-27 12:00 PM Unemployment Rate Jan 3.8% 2.9% 3.4% 3.2%
2020-03-26 12:00 PM Unemployment Rate Feb 3.6% 3.8% 3.6% 3.6%
2020-04-27 11:00 AM Unemployment Rate Mar 2.9% 3.6% 3.9%
2020-09-28 11:00 AM Unemployment Rate Aug 5.7%
2020-10-22 11:00 AM Unemployment Rate Sep 5.9%
2020-11-27 12:00 PM Unemployment Rate Oct
2020-12-24 12:00 PM Unemployment Rate Nov


News Stream
Mexico Jobless Rate Falls to 2.9% in March
The unemployment rate in Mexico fell to 2.9 percent in March 2020 from 3.2 in the corresponding month of the previous year. The jobless rate dropped for both men (2.9 percent from 3.2 percent) and women (3.0 percent from 3.4 percent). Among unemployed people, 14 percent had not completed secondary education while 86 percent had a higher education. Meantime, the participation rate went down to 59.8 percent from 60.0 percent a year earlier. When adjusted for seasonality, the jobless rate declined to 3.3 percent from 3.7 percent in February.
2020-04-27
Mexico Jobless Rate Rises to 3.6% in February
The unemployment rate in Mexico increased to 3.6 percent in February 2020 from 3.3 percent in the same month of the previous year, matching market expectations. The jobless rate rose for both men (3.5 percent from 3.2 percent) and women (3.6 percent from 3.5 percent). Among unemployed people, 11.3 percent had not completed secondary education while 88.7 percent had a higher education. Meantime, the participation rate went up to 60.1 percent from 59.2 percent a year earlier. When adjusted for seasonality, the jobless rate was at 3.7 percent, the same as in January.
2020-03-26
Mexico Jobless Rate Rises to 3.8% in January
The unemployment rate in Mexico rose to 3.8 percent in January 2020 from 3.6 percent in the corresponding month of the previous year and above market expectations of 3.4 percent. The jobless rate increased for both men (3.7 percent from 3.4 percent) and women (4 percent from 3.8 percent). Among unemployed people, 14.2 percent had not completed secondary education while 85.8 percent had a higher education. Meantime, the participation rate went up to 59.7 percent from 59.2 percent a year earlier. When adjusted for seasonality, the jobless rate increased to 3.7 percent from 3.1 percent in December.
2020-02-27
Mexico Jobless Rate Falls to Over 1-1/2-Year Low
The unemployment rate in Mexico fell to 2.9 percent in December 2019 from 3.4 percent in the same month of the previous year and below market expectations of 3.5 percent, reaching its lowest since March 2018. The jobless rate dropped for both men (3.0 percent from 3.4 percent) and women (2.7 percent from 3.2 percent). Among unemployed people, 16.5 percent had not completed secondary education while 83.4 percent had a higher education. Meantime, the participation rate rose to 60.2 percent from 59.5 percent a year earlier. When adjusted for seasonality, the jobless rate went down to 3.1 percent from 3.5 percent in November.
2020-01-21

Mexico Unemployment Rate
In Mexico, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.