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

The unemployment rate in Mexico declined to 3.5 percent in August of 2017 from 4 percent a year earlier but above market expectations of 3.4 percent. When adjusted for seasonality, the unemployment rate increased to 3.3 percent from 3.2 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 Falls to 3.5% in August


The unemployment rate in Mexico declined to 3.5 percent in August of 2017 from 4 percent a year earlier but above market expectations of 3.4 percent. When adjusted for seasonality, the unemployment rate increased to 3.3 percent from 3.2 percent.

Compared to August of 2016, the jobless rate decreased for both men (3.3 percent from 3.8 percent) and women (4 percent from 4.3 percent). Among unemployed people, 16 percent had not completed secondary education and 84 percent had a higher education.

Those underemployed accounted for 6.8 percent of total employed, lower than 8.3 percent a year ago.

The participation rate fell to 59 percent from 60.2 percent in August of 2016.

INEGI Luisa Carvalho | luisa.carvalho@tradingeconomics.com
9/26/2017 1:13:58 PM



Calendar GMT Actual Previous Consensus TEForecast
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 3.50% 3.4% 3.40% 3.4%
2017-10-20 01:00 PM Unemployment Rate 3.5% 3.4%
2017-11-28 02:00 PM Unemployment Rate 3.4%
2017-12-22 02:00 PM Unemployment Rate 3.4%


Mexico Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.50 3.40 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 59.00 59.80 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 336.24 337.37 337.37 129.28 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 96.47 96.59 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 October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.40 6.42 2.22 1994 - 2017 percent Monthly
NSA




unemployment rate by Country

Last
Spain 17.22 Jun/17
Brazil 12.60 Aug/17
Italy 11.20 Aug/17
Turkey 10.70 Jul/17
France 9.50 Jun/17
Euro Area 9.10 Aug/17
Canada 6.20 Sep/17
Australia 5.50 Sep/17
Indonesia 5.33 Mar/17
Russia 5.00 Sep/17
Netherlands 4.70 Sep/17
United Kingdom 4.30 Aug/17
United States 4.20 Sep/17
China 3.95 Jun/17
South Korea 3.70 Sep/17
Germany 3.60 Aug/17
Mexico 3.50 Aug/17
India 3.46 Dec/16
Switzerland 3.00 Sep/17
Japan 2.80 Aug/17