The unemployment rate in Mexico was at 4.7 percent in April of 2021, the same as in April of 2020. It was the highest jobless rate since January, as more people looked for work. The labour force climbed by 12.7 million to 57.5 million. At the same time, the number of unemployed rose by 574 thousand to 2.7 million while employed increased by 12.1 million to 54.8 million. When adjusted for seasonality, the jobless rate went up to 4.7 percent from 4.4 percent in March. source: Instituto Nacional de Estadística y Geografía (INEGI)

Unemployment Rate in Mexico averaged 3.78 percent from 1994 until 2021, 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 2021.

Unemployment Rate in Mexico is expected to be 3.90 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 3.50 in 12 months time. In the long-term, the Mexico Unemployment Rate is projected to trend around 3.30 percent in 2022, according to our econometric models.

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Mexico Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.70 3.90 6.42 2.22 1994 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-02-25 12:00 PM Jan 4.7% 3.8% 4%
2021-03-24 12:00 PM Feb 4.4% 4.7% 4.4% 4.5%
2021-04-22 11:00 AM Mar 3.9% 4.4% 4.2% 4.2%
2021-05-27 11:00 AM Apr 4.7% 3.9% 3.9%
2021-06-24 12:00 PM May 4.7% 4.4%
2021-07-26 12:00 PM Jun
2021-08-26 12:00 PM Jul
2021-09-28 11:00 AM Aug


News Stream
Mexico Jobless Rate at 4.7% in April
The unemployment rate in Mexico was at 4.7 percent in April of 2021, the same as in April of 2020. It was the highest jobless rate since January, as more people looked for work. The labour force climbed by 12.7 million to 57.5 million. At the same time, the number of unemployed rose by 574 thousand to 2.7 million while employed increased by 12.1 million to 54.8 million. When adjusted for seasonality, the jobless rate went up to 4.7 percent from 4.4 percent in March.
2021-05-27
Mexico Jobless Rate at 3.9%
The unemployment rate in Mexico jumped to 3.9 percent in March of 2021 from 2.9 percent in the corresponding month of the previous year and below market expectations of 4.2 percent, as the coronavirus pandemic continues to erase jobs in most industries. The number of unemployed increased by 493 thousand to 2.2 million while employed fell by 2 million to 53.8 million. Meantime, the labour force decreased by 1.5 million to 56 million. Job losses were primarily observed in services (-2.4 million), namely trade (-782 thousand) and restaurants & hotels (-498 thousand); and in the industrial sector (-315 thousand), mainly manufacturing (-140 thousand) and construction (-124 thousand). On the other hand, the primary sector added 800 thousand jobs. When adjusted for seasonality, the jobless rate was 4.4 percent, easing from 4.5 percent in the prior month.
2021-04-22
Mexico Jobless Rate Rises to 4.4% in February
The unemployment rate in Mexico rose to 4.4 percent in February of 2021 from 3.6 percent in the corresponding month of the previous year and matching market expectations, amid the ongoing pandemic crisis. The number of unemployed increased by 362 thousand to 2.4 million while employed fell by 2.7 million to 53 million. Meantime, the labour force decreased by 2.4 million to 55.5 million. Job losses were primarily observed in services (-2.1 million), namely trade (-598 thousand) and restaurants & hotels (-598 thousand). Conversely, the industrial sector added jobs (+99 thousand), amid increases in construction (+138 thousand) and manufacturing (+7 thousand). When adjusted for seasonality, the jobless rate was 4.5 percent, unchanged from the previous month.
2021-03-24
Mexico Jobless Rate Rises to 3-Month High of 4.7%
The unemployment rate in Mexico rose to 4.7 percent in January of 2021 from 3.8 percent in the corresponding month of the previous year. It was the highest jobless rate since November 2020, as the number of unemployed people increased by 3.9 million to 9.5 million. The unemployment rate increased for both men (4.8 percent from 3.7 percent) and women (4.6 percent from 4 percent). When adjusted for seasonality, the jobless rate went up to 4.5 percent from 4.4 percent in December.
2021-02-25

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.