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

The unemployment rate in Mexico decreased to 3.7 percent in October of 2016 from 4.6 percent a year earlier. It is the lowest jobless rate for an October month since 2006. On a seasonally adjusted basis, it decreased to 3.6 percent from 3.9 percent in the previous month. 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.

Mexico Unemployment Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-28 01:00 PM Aug 4% 4% 4% 4%
2016-10-24 01:00 PM Sep 4.10% 4.0% 4% 4.29%
2016-11-28 02:00 PM Oct 3.7% 4.1% 4.15%
2016-12-23 02:00 PM Nov 3.7% 3.9%
2017-01-25 02:00 PM Dec 3.9%
2017-02-27 02:00 PM Jan 3.8%




Mexico Unemployment Rate Down to 3.7%


The jobless rate in Mexico decreased to 3.7 percent in October of 2016 from 4.6 percent a year earlier. It is the lowest jobless rate for an October month since 2006. On a seasonally adjusted basis, it decreased to 3.6 percent from 3.9 percent in the previous month.

Compared to a year earlier, the jobless rate decreased for both men (3.7 percent from 4.3 percent) and women (3.7 percent from 5 percent). Among unemployed people, 17.5 percent had not completed secondary education, and 82.5 percent had a higher education.

Those underemployed accounted for 8.1 percent of total employed, less than 8.7 percent a year earlier. 

The participation rate fell to 59.5 percent from 60.1 percent in October of 2015.

Joana Taborda | joana.taborda@tradingeconomics.com
11/28/2016 2:29:59 PM



Mexico Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.70 4.10 5.93 2.22 percent [+]
Employed Persons 52043100.00 51433590.00 52043100.00 37970852.00 [+]
Unemployed Persons 2183703.00 2105975.00 3012574.00 915418.00 [+]
Labor Force Participation Rate 59.50 59.70 61.47 58.18 percent [+]
Labour Costs 75.80 73.00 127.10 72.10 Index Points [+]
Productivity 104.30 108.40 113.70 91.90 Index Points [+]
Wages 316.57 320.85 321.77 129.28 MXN/Day [+]
Wages in Manufacturing 2.10 2.10 3.60 2.00 USD/Hour [+]
Minimum Wages 80.04 73.04 80.04 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 96.33 95.86 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
3.70 4.10 5.93 2.22 1994 - 2016 percent Monthly
NSA



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Germany 4.10 Oct/16
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China 4.04 Sep/16
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