Mexico Unemployment Rate  1994-2017 | Data | Chart | Calendar | Forecast

The jobless rate in Mexico declined to 3.4 percent in February of 2017 from 4.15 percent a year earlier and below market expectations of 3.65 percent. It is the lowest jobless rate for a February month since 2003. On a seasonally adjusted basis, it fell to 3.4 percent from 3.6 percent in January. Unemployment Rate in Mexico averaged 3.82 percent from 1994 until 2017, 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.

Mexico Unemployment Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-01-20 02:00 PM Dec 3.4% 3.5% 3.5% 3.6%
2017-02-27 02:00 PM Jan 3.6% 3.4% 3.8% 3.6%
2017-03-28 02:00 PM Feb 3.4% 3.6% 3.65% 3.4%
2017-04-21 01:00 PM Mar 3.4% 3.5%
2017-05-26 01:00 PM Apr 3.5%
2017-06-26 01:00 PM May 3.5%




Mexico Jobless Rate Drops To 3.4% In February


The jobless rate in Mexico declined to 3.4 percent in February of 2017 from 4.15 percent a year earlier and below market expectations of 3.65 percent. It is the lowest jobless rate for a February month since 2003. On a seasonally adjusted basis, it fell to 3.4 percent from 3.6 percent in January.

Compared to a year earlier, the jobless rate decreased for both men (3.3 percent from 4 percent) and women (3.4 percent from 4.3 percent). Among unemployed people, 18.9 percent had not completed secondary education, and 81.1 percent had a higher education.

Those underemployed accounted for 7.1 percent of total employed, less than 7.7 percent a year earlier.

The participation rate decreased to 59.4 percent from 59.6 percent in February of 2016.

INEGI |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
3/28/2017 2:43:27 PM



Mexico Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.40 3.60 5.93 2.22 percent [+]
Employed Persons 52123674.00 52043100.00 52123674.00 37970852.00 [+]
Unemployed Persons 1911126.00 2183703.00 3012574.00 915418.00 [+]
Labor Force Participation Rate 59.36 58.95 61.47 58.18 percent [+]
Labour Costs 66.60 89.70 127.10 66.60 Index Points [+]
Productivity 106.90 105.60 113.70 91.90 Index Points [+]
Wages 331.14 318.65 331.14 129.28 MXN/Day [+]
Wages in Manufacturing 1.90 2.50 3.60 1.90 USD/Hour [+]
Minimum Wages 80.04 80.04 80.04 0.01 MXN/Day [+]
Population 122.27 121.01 122.27 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 7912.50 7951.30 11200.00 7912.50 MXN/Month [+]
Living Wage Individual 4955.00 4899.80 5371.00 4899.80 MXN/Month [+]
Employment Rate 96.63 96.41 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 [+]



Mexico Unemployment Rate Notes

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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.40 3.60 5.93 2.22 1994 - 2017 percent Monthly
NSA



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Brazil 12.60 Jan/17
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Oman 7.20 Dec/14
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Brunei 6.90 Dec/14
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Canada 6.60 Feb/17
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Ireland 6.60 Feb/17
Malawi 6.60 Dec/13
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Chile 6.20 Jan/17
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Australia 5.90 Feb/17
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Ghana 5.20 Dec/13
New Zealand 5.20 Dec/16
Czech Republic 5.10 Feb/17
Azerbaijan 5.00 Dec/15
India 4.90 Dec/13
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United Kingdom 4.70 Jan/17
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Trinidad and Tobago 4.40 Jun/16
Bangladesh 4.30 Dec/14
Hungary 4.30 Jan/17
Israel 4.30 Feb/17
Denmark 4.20 Jan/17
Malta 4.20 Dec/16
Norway 4.20 Jan/17
Seychelles 4.20 Dec/15
United Arab Emirates 4.20 Dec/12
North Korea 4.10 Dec/14
China 4.02 Dec/16
Myanmar 4.02 Dec/13
Cameroon 4.00 Dec/13
South Korea 4.00 Feb/17
Taiwan 3.83 Feb/17
Germany 3.80 Jan/17
Liberia 3.80 Dec/14
Moldova 3.80 Dec/16
Uganda 3.80 Dec/13
Bahrain 3.70 Dec/12
Switzerland 3.60 Feb/17
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Guatemala 3.10 Jun/16
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Japan 3.00 Jan/17
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