The unemployment rate in Mexico increased to 3.7 percent in August 2019 from 3.5 percent in the same month of the previous year and matching market expectations. The jobless rate advanced for men (3.9 percent from 3.2 percent in August 2018) while fell for women (3.6 percent from 3.9 percent). In August, about 13 percent of unemployed did not have a full secondary education while 87 percent had a higher education. Meantime, the activity rate rose to 60.4 percent from 60 percent a year earlier. When adjusted for seasonality, the jobless rate was at 3.6 percent, unchanged from the prior month. Unemployment Rate in Mexico averaged 3.75 percent from 1994 until 2019, 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.

Unemployment Rate in Mexico is expected to be 3.60 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 3.70 in 12 months time. In the long-term, the Mexico Unemployment Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.

Mexico Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-26 01:00 PM Unemployment Rate May 3.5% 3.5% 3.5% 3.5%
2019-07-29 11:00 AM Unemployment Rate Jun 3.6% 3.5% 3.5% 3.5%
2019-08-27 11:00 AM Unemployment Rate Jul 3.7% 3.6% 3.7%
2019-09-25 11:00 AM Unemployment Rate Aug 3.7% 3.7% 3.7% 3.7%
2019-10-22 11:00 AM Unemployment Rate Sep 3.7% 3.60%
2019-11-27 12:00 PM Unemployment Rate Oct 3.40%
2019-12-24 12:00 PM Unemployment Rate Nov 3.40%


Mexico Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.70 3.70 6.42 2.22 percent [+]
Employed Persons 54936719.00 54152266.00 54936719.00 37970852.00 [+]
Unemployed Persons 2014496.00 1886205.00 3012574.00 915418.00 [+]
Labor Force Participation Rate 60.40 60.50 61.47 58.18 percent [+]
Labour Costs 96.20 94.90 127.10 66.40 Index Points [+]
Productivity 89.90 93.60 104.50 85.00 Index Points [+]
Wages 379.67 380.72 380.72 129.28 MXN/Day [+]
Wages in Manufacturing 2.60 2.60 3.80 2.00 USD/Hour [+]
Minimum Wages 102.68 102.68 102.68 0.01 MXN/Day [+]
Population 125.33 124.04 125.33 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 [+]
Wages Low Skilled 5390.00 5280.00 5390.00 4870.00 MXN/Month [+]
Wages High Skilled 17200.00 15600.00 17200.00 13700.00 MXN/Month [+]
Living Wage Family 7900.00 7700.00 7900.00 7700.00 MXN/Month [+]
Living Wage Individual 4320.00 4130.00 4320.00 4130.00 MXN/Month [+]
Employment Rate 96.26 96.29 97.23 93.58 percent [+]


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 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.70 3.70 6.42 2.22 1994 - 2019 percent Monthly
NSA




Country Last Previous
South Africa 29.00 Jun/19
Spain 14.02 Jun/19
Turkey 13.00 Jun/19
Brazil 11.80 Aug/19
Argentina 10.60 Jun/19
Italy 9.50 Aug/19
France 8.50 Jun/19
Euro Area 7.40 Aug/19
India 6.00 Dec/18
Saudi Arabia 5.60 Jun/19
Canada 5.50 Sep/19
Australia 5.30 Aug/19
Indonesia 5.01 Mar/19
Russia 4.30 Aug/19
United Kingdom 3.80 Jul/19
Mexico 3.70 Aug/19
China 3.61 Jun/19
Netherlands 3.50 Aug/19
United States 3.50 Sep/19
Germany 3.10 Aug/19
South Korea 3.10 Aug/19
Japan 2.20 Aug/19
Singapore 2.20 Jun/19
Switzerland 2.10 Sep/19


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