Mexico Unemployment Rate  1994-2016 | Data | Chart | Calendar | Forecast

Mexico unemployment rate came in at 4 percent in May of 2016, up from 3.8 percent in April. Employment rate dropped to 95.97 percent from 96.2 in the previous period. A year earlier, the jobless rate was higher at 4.45 percent. Unemployment Rate in Mexico averaged 3.82 percent from 1994 until 2016, reaching an all time high of 5.93 percent in May of 2009 and a record low of 2.22 percent in March of 1997. Unemployment Rate in Mexico is reported by the Instituto Nacional de Estadística y Geografía (INEGI).

Mexico Unemployment Rate
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Actual Previous Highest Lowest Dates Unit Frequency
4.00 3.80 5.93 2.22 1994 - 2016 percent Monthly
NSA
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 July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-04-27 01:00 PM Mar 3.7% 4.1% 4.1% 4.2%
2016-05-27 01:00 PM Apr 3.8% 3.7% 4.13% 4%
2016-06-28 01:00 PM May 4% 3.8% 3.9% 3.8%
2016-07-27 01:00 PM Jun 4% 4% 4.12%
2016-08-29 01:00 PM Jul 4%
2016-09-28 01:00 PM Aug 4%

Mexico Jobless Rate Up To 4% in May


Mexico unemployment rate came in at 4 percent in May of 2016, up from 3.8 percent in April. Employment rate dropped to 95.97 percent from 96.2 in the previous period. A year earlier, the jobless rate was higher at 4.45 percent.

Compared to the previous month, the unemployment increased for both women (4.1 percent from 3.69 percent) and men (3.98 percent from 3.87 percent). Among unemployed people, 18.4 percent had not completed secondary education, down from 19.8 percent in April. In contrast, more people with a higher education level were unemployed (81.6 percent from 80.2 percent in April).

The labor force participation rate rose to 60.1 percent from 59.4 in April. Among employed people, 67.8 percent worked as a subordinate worker (68.9 percent in April); 22.7 percent worked independently or on their own without hiring employees (22 percent in April); 5 percent worked in business or in family plots, contributing directly to production processes without monetary compensation (4.8 percent in April) and 4.5 percent were employers (4.3 percent in April).

INEGI | Francisco Caeiro | francisco.caeiro@tradingeconomics.com
6/28/2016 3:10:31 PM

Mexico Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.00 3.80 5.93 2.22 percent [+]
Employed Persons 50778629.00 51568519.00 51568519.00 37970852.00 [+]
Unemployed Persons 2140020.00 2240498.00 3012574.00 915418.00 [+]
Labor Force Participation Rate 60.09 59.40 61.47 58.18 percent [+]
Labour Costs 77.10 77.70 127.10 72.10 Index Points [+]
Productivity 108.40 109.20 113.70 91.90 Index Points [+]
Wages 318.80 319.59 319.59 129.28 MXN/Day [+]
Wages in Manufacturing 2.20 2.20 3.60 2.00 USD/Hour [+]
Minimum Wages 73.04 73.04 73.04 0.01 MXN/Day [+]
Population 121.01 119.71 121.01 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 [+]
Living Wage Family 11100.00 11200.00 11200.00 11100.00 MXN/Month [+]
Living Wage Individual 4890.00 5050.00 5080.00 4890.00 MXN/Month [+]
Employment Rate 95.97 96.20 97.23 93.58 percent [+]
Wages Low Skilled 4760.00 4550.00 5020.00 4550.00 MXN/Month [+]
Wages High Skilled 15100.00 14000.00 15100.00 13200.00 MXN/Month [+]




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