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

Mexican unemployment rate increased to 4.0 percent in July of 2016 from 3.93 percent in June, while below market expectations of 4.2 percent. Meantime, it was the lowest level for July month since 2007. A year earlier, the jobless rate was higher at 4.72 percent. On a seasonally adjusted basis, the jobless rate fell to 3.8 percent from 3.9 percent, the lowest in almost eight years. 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 3.93 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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-28 01:00 PM May 4% 3.8% 3.9% 3.8%
2016-07-27 01:00 PM Jun 3.9% 4% 4% 4.12%
2016-08-29 01:00 PM Jul 4% 3.9% 4.2% 4%
2016-09-28 01:00 PM Aug 4% 4% 4%
2016-10-24 01:00 PM Sep 4.29%
2016-11-28 02:00 PM Oct 4.15%

Mexico Jobless Rate Rises to 4.0% in July


Mexican unemployment rate increased to 4.0 percent in July of 2016 from 3.93 percent in June, while below market expectations of 4.2 percent. Meantime, it was the lowest level for July month since 2007. A year earlier, the jobless rate was higher at 4.72 percent. On a seasonally adjusted basis, the jobless rate fell to 3.8 percent from 3.9 percent, the lowest in almost eight years.

Compared to the previous month, the jobless rate for women increased by 0.05 p.p. to 4.14 percent and for men rose by 0.09 p.p. to 3.92 percent. Among unemployed people, 16.3 percent had not completed secondary education, compared to 19.7 percent in the previous month, while more people with a higher education level were unemployed (83.7 percent from 81.6 percent in June).

The labour force participation rate went up to 59.8 percent from 59.0 percent in June. Among employed people, 68 percent operated as a subordinate worker, 22.4 percent worked independently or on their own without hiring employees, 5.1 percent worked in business or in family plots, contributing directly to production processes without monetary compensation, and finally, 4.5 percent were employers.

INEGI | Yekaterina Guchshina | yekaterina@tradingeconomics.com
8/29/2016 3:13:50 PM

Mexico Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.00 3.93 5.93 2.22 percent [+]
Employed Persons 51433590.00 50778629.00 51568519.00 37970852.00 [+]
Unemployed Persons 2105975.00 2140020.00 3012574.00 915418.00 [+]
Labor Force Participation Rate 60.50 59.28 61.47 58.18 percent [+]
Labour Costs 74.90 73.80 127.10 72.10 Index Points [+]
Productivity 106.60 108.50 113.70 91.90 Index Points [+]
Wages 320.85 321.77 321.77 129.28 MXN/Day [+]
Wages in Manufacturing 2.10 2.10 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 95.99 96.07 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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