Mexico Unemployment Rate  1994-2017 | Data | Chart | Calendar | Forecast

The unemployment rate in Mexico declined to 3.4 percent in July of 2017 from 4 percent a year earlier and matching market expectations. It is the lowest jobless rate for a July month since the series began in January of 2005. When adjusted for seasonality, the unemployment fell to 3.2 percent from 3.3 percent. Unemployment Rate in Mexico averaged 3.78 percent from 1994 until 2017, 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.

Mexico Unemployment Rate
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Mexico Jobless Rate Down to 3.4% in July


The unemployment rate in Mexico declined to 3.4 percent in July of 2017 from 4 percent a year earlier and matching market expectations. It is the lowest jobless rate for a July month since the series began in January of 2005. When adjusted for seasonality, the unemployment fell to 3.2 percent from 3.3 percent.

Compared to July of 2016, the jobless rate rate fell for both men (3.4 percent vs 3.9 percent) and women (3.4 percent vs 4.1 percent). Among unemployed people, 17.7 percent had not completed secondary education and 82.3 percent had a higher education.

Those underemployed accounted for 6.5 percent of total employed, lower than 8 percent a year earlier.

The participation rate edged down to 59.8 percent from 60.5 percent in July of 2016.

INEGI |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
8/25/2017 1:23:44 PM


Recent Releases

Mexico Jobless Rate Below Expectations
The unemployment rate in Mexico fell to 3.3 percent in June of 2017 from 3.9 percent a year earlier and below market expectations of 3.5 percent. It is the lowest jobless rate for a June month since 2008. When adjusted for seasonality, the unemployment fell to 3.3 percent from 3.5 percent.
Published on 2017-07-21

Mexico Jobless Rate Falls To 3.6% In May
The unemployment rate in Mexico decreased to 3.6 percent in May of 2017 from 4 percent a year ago and in line with market expectations. On a seasonally adjusted basis, the jobless rate fell to 3.5 percent from 3.6 percent in April.
Published on 2017-06-26

Mexico Jobless Rate Falls To 3.5% In April
The unemployment rate in Mexico decreased to 3.5 percent in April of 2017 from 3.8 percent a year ago but worse than market expectations of 3.32 percent. On a seasonally adjusted basis, it rose to 3.5 percent from 3.2 percent in March.
Published on 2017-06-26

Mexico Jobless Rate Lowest Since 2007
The unemployment rate in Mexico decreased to 3.2 percent in March of 2017 from 3.74 percent a year earlier and in line with market expectations. It is the lowest jobless rate since December of 2007. On a seasonally adjusted basis, it fell to 3.2 percent from 3.4 percent in February.
Published on 2017-04-21



Calendar GMT Actual Previous Consensus TEForecast
2017-06-26 01:00 PM Unemployment Rate 3.6% 3.5% 3.6% 3.4%
2017-07-21 01:00 PM Unemployment Rate 3.3% 3.6% 3.5% 3.5%
2017-08-25 01:00 PM Unemployment Rate 3.4% 3.3% 3.4% 3.4%
2017-09-26 01:00 PM Unemployment Rate 3.4% 3.40% 3.4%
2017-10-20 01:00 PM Unemployment Rate 3.4%
2017-11-28 02:00 PM Unemployment Rate 3.4%


Mexico Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.40 3.30 6.42 2.22 percent [+]
Employed Persons 52198611.00 51859895.00 52198611.00 37970852.00 [+]
Unemployed Persons 1870180.00 1821825.00 3012574.00 915418.00 [+]
Labor Force Participation Rate 59.80 59.40 61.47 58.18 percent [+]
Labour Costs 84.60 81.70 127.10 66.60 Index Points [+]
Productivity 104.10 106.70 113.70 91.90 Index Points [+]
Wages 337.37 334.21 337.37 129.28 MXN/Day [+]
Wages in Manufacturing 2.30 2.30 3.60 1.90 USD/Hour [+]
Minimum Wages 80.04 80.04 80.04 0.01 MXN/Day [+]
Population 122.27 121.01 122.27 38.68 Million [+]
Retirement Age Women 65.00 65.00 65.00 65.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Living Wage Family 7912.50 7951.30 8246.50 7912.50 MXN/Month [+]
Living Wage Individual 4955.00 4899.80 5371.00 4899.80 MXN/Month [+]
Employment Rate 96.59 96.73 97.23 93.58 percent [+]
Wages Low Skilled 4760.00 4550.00 5020.00 4550.00 MXN/Month [+]
Wages High Skilled 15100.00 14000.00 15100.00 13200.00 MXN/Month [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.40 3.30 6.42 2.22 1994 - 2017 percent Monthly
NSA




unemployment rate by Country

Last
Spain 17.22 Jun/17
Brazil 12.80 Jul/17
Italy 11.30 Jul/17
Turkey 10.20 Jun/17
France 9.50 Jun/17
Euro Area 9.10 Jul/17
Canada 6.20 Aug/17
Australia 5.60 Aug/17
Indonesia 5.33 Mar/17
India 4.90 Dec/13
Russia 4.90 Aug/17
Netherlands 4.70 Aug/17
United States 4.40 Aug/17
United Kingdom 4.30 Jul/17
China 3.95 Jun/17
South Korea 3.80 Aug/17
Germany 3.70 Jul/17
Mexico 3.40 Jul/17
Switzerland 3.00 Aug/17
Japan 2.80 Jul/17