The Mexican unemployment rate decreased to 3.3 percent in May of 2022 from 4.0 percent in the corresponding period a year ago, less than market expectations of 3.1 percent. The employed population increased by 2.2 million to 57.1 million persons, while those unemployed decreased by 0.352 million to 1.9 million. At the same time, the economically active population rose by 1.9 million persons to 59.1 million, which resulted in a participation rate of 59.6 percent. Seasonally adjusted, the unemployment rate rose to 3.4 percent, from 3.8 percent in April. 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 June of 2022.

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. In the long-term, the Mexico Unemployment Rate is projected to trend around 3.00 percent in 2023, according to our econometric models.

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Mexico Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-31 11:00 AM Apr 3% 3% 3.5%
2022-06-28 11:00 AM May 3.3% 3% 3.1% 3.2%
2022-07-26 11:00 AM Jun 3.3% 3.5%


Related Last Previous Unit Reference
Unemployment Rate 3.30 3.00 percent May 2022
Unemployed Persons 2006191.00 2150582.00 Mar 2022
Employed Persons 56079123.00 56611211.00 Mar 2022
Labor Force Participation Rate 59.10 60.10 percent May 2022
Productivity 98.90 99.50 points Apr 2022
Labour Costs 104.50 96.90 points Apr 2022
Wages in Manufacturing 3.20 3.00 USD/Hour Apr 2022
Employment Rate 96.73 96.97 percent May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.00 6.42 2.22 1994 - 2022 percent Monthly
NSA

News Stream
Mexico Jobless Rate Falls Less than Expected
The Mexican unemployment rate decreased to 3.3 percent in May of 2022 from 4.0 percent in the corresponding period a year ago, less than market expectations of 3.1 percent. The employed population increased by 2.2 million to 57.1 million persons, while those unemployed decreased by 0.352 million to 1.9 million. At the same time, the economically active population rose by 1.9 million persons to 59.1 million, which resulted in a participation rate of 59.6 percent. Seasonally adjusted, the unemployment rate rose to 3.4 percent, from 3.8 percent in April.
2022-06-28
Mexico Jobless Rate Falls in April
The Mexican unemployment rate decreased to 3.0 percent in April of 2022, the lowest since the pandemic started in March of 2020, from 4.7 percent in the corresponding month of 2021. The number of unemployed decreased by 0.872 million to 1.8 million and employment increased by 2.8 million persons to 57.7 million. At the same time, the economically active population rose by 1.9 million persons to 59.5 million, which resulted in a participation rate of 60.1 percent, up from 59.1 percent last year. On a seasonally adjusted basis, the unemployment rate eased to 3.1 percent, from 3.5 percent in March.
2022-05-31
Mexico Jobless Rate Slows to 2-Year Low
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.
2022-04-28