The Mexican unemployment rate decreased to 3.0 percent in March of 2022 from 3.9 percent in the corresponding month of 2021, less than market expectations of 3.5 percent. It was the lowest jobless rate since the pandemic started in March of 2020, as the employed population increased by 3 million persons to 56.6 million and the number of unemployed decreased by 0.425 million to 1.7 million. At the same time, the economically active population rose by 2.6 million persons to 58.4 million, which resulted in a participation rate of 58.8 percent, up from 58.7 percent last year. On a seasonally adjusted basis, the unemployment rate eased to 3.5 percent, from 3.8 percent in February. source: Instituto Nacional de Estadística y Geografía (INEGI)
Unemployment Rate in Mexico averaged 3.78 percent from 1994 until 2022, 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 May of 2022.
Unemployment Rate in Mexico is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Unemployment Rate is projected to trend around 3.00 percent in 2023, according to our econometric models.