Mexico Unemployment Rate - Forecast

Unemployment Rate in Mexico is expected to be 3.50 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 3.40 in 12 months time. In the long-term, the Mexico Unemployment Rate is projected to trend around 3.70 percent in 2020, according to our econometric models.


Mexico Unemployment Rate
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Mexico Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 3.4 3.5 3.5 3.6 3.4 3.7
Employed Persons 52876916 53000000 53400000 53600000 53738477 55000000
Unemployed Persons 1713857 1735376 1787022 2050000 1689603 22800000
Labor Force Participation Rate 59.4 59.4 59.1 59.3 59.3 59.7
Labour Costs 79.5 85.22 84 102 84.37 105
Productivity 108 108 108 111 108 115
Wages 354 354 352 356 382 397
Wages in Manufacturing 2.3 2.4 2.5 3 2.3 3
Minimum Wages 88.36 88.36 88.36 88.36 95.45 102
Population 124 125 124 125 125 128
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Wages High Skilled 16700 16200 16200 16200 17200 17800
Wages Low Skilled 5560 5000 5000 5000 5650 5800
Living Wage Family 8260 8360 8360 8360 8450 8450
Living Wage Individual 4470 4470 4470 4470 4470 4470
Employment Rate 96.6 97.3 97.5 97.7 98 98.8