Mexico Unemployment Rate

Unemployment Rate in Mexico decreased to 4.65 percent in February of 2014 from 5.05 percent in January of 2014. Unemployment Rate in Mexico is reported by the Instituto Nacional de Estadística y Geografía (INEGI). Unemployment Rate in Mexico averaged 3.75 Percent from 1994 until 2014, 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. 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 - Mexico Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
4.65 5.05 5.93 2.22 4.60 | 2014/03 1994 - 2014 Percent Monthly
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Mexico Unemployment Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-12-20 02:00 PM Mexico
Unemployment Rate
Nov 2013 4.47% 5.01% 4.94% 4.9%
2014-01-17 02:00 PM Mexico
Unemployment Rate
Dec 2013 4.25% 4.47% 4.33% 4.6%
2014-02-24 02:00 PM Mexico
Unemployment Rate
Jan 2014 5.05% 4.25% 4.6%
2014-03-24 02:00 PM Mexico
Unemployment Rate
Feb 2014 4.65% 5.05% 4.6%
2014-04-22 02:00 PM Mexico
Unemployment Rate
Mar 2014 4.65% 4.6%
2014-05-22 02:00 PM Mexico
Unemployment Rate
Apr 2014 4.7%
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Labour Last Previous Highest Lowest Forecast Unit
Population 116.90 2012-12-31 114.79 116.90 36.94 119.15 2013-12-31 Million [+]
Employed Persons 50243493.00 2013-11-15 49576734.00 50243493.00 37970852.00 50184352.39 2014-03-31 [+]
Labour Costs 94.40 2014-01-15 124.90 127.55 79.32 96.80 2014-02-28 Index Points [+]
Productivity 108.10 2014-01-15 108.50 113.60 89.09 107.33 2014-02-28 Index Points [+]
Retirement Age Men 65.00 2013-01-01 65.00 65.00 65.00 65.00 2013-12-31 [+]
Retirement Age Women 65.00 2013-01-01 65.00 65.00 65.00 65.00 2013-12-31 [+]
Unemployed Persons 2432291.00 2013-11-15 2732601.00 2925045.00 915418.00 2533258.90 2014-03-31 [+]
Wages 281.95 2014-02-15 282.32 282.32 124.36 279.80 2014-03-31 MXN/DAY [+]
Wages in Manufacturing 97.20 2014-01-15 118.40 124.00 92.40 93.98 2014-02-28 Index Points [+]
Unemployment Rate 4.65 2014-02-28 5.05 5.93 2.22 4.60 2014-03-31 Percent [+]
Minimum Wages 65.58 2014-03-31 65.58 65.58 0.01 65.22 2014-03-31 MXN [+]
[+]


Mexico Unemployment Rate Falls in February

Mexican jobless rate decreased to 4.65 percent in February of 2014 from 5.05 percent in January. A year ago, the unemployment rate was recorded at 4.85 percent.

95.35 percent of the economically active population was employed in February 2014, but underemployment decreased only marginally to 8.17 percent from 8.21 percent in the same month last year.

In February, 24.3 percent of total unemployed people had finished the high-school.

Among regions, Tabasco recorded the highest jobless rate (6.37 percent), followed by Aguascalientes (6.31 percent), while Guerrero recorded the lowest one (1.88 percent). In the Federal District, unemployment rate rose to 5.83 percent from 5.71 percent in January.

Joana Taborda | joana.taborda@tradingeconomics.com
3/24/2014 2:16:40 PM

RECENT RELEASES

Mexico Unemployment Rate Rises in January
In January of 2014, Mexican jobless rate edged up to 5.05 percent, after falling in December last year to a 5-year low at 4.25 percent. Published on 2014-02-24

Mexico Unemployment Rate Down to 5-Year Low
In December of 2013, Mexican not seasonally adjusted jobless rate fell to 4.25 percent, the lowest rate in more than five years, as employment in services rose. Published on 2014-01-17


Unemployment Rate | Notes
The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment.


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Mexico Inflation Rate Decelerates in March  
Mexican annual consumer prices slowed for the second straight month to 3.76 percent in March of 2014, down from 4.23 percent in February. The inflation is now below the central bank’s 4 percent limit.
Mexico Trade Balance Returns to Surplus  
In February of 2014, Mexico posted a USD 976 million trade surplus, after recording in January the highest deficit on record. The figure compares with a USD 80 million surplus in the same month last year.
Mexico Unemployment Rate Falls in February  
Mexican jobless rate decreased to 4.65 percent in February of 2014 from 5.05 percent in January. A year ago, the unemployment rate was recorded at 4.85 percent.
Mexico Leaves Monetary Policy on Hold  
At its March 21st, 2014 meeting, Bank of Mexico left the overnight interbank rate steady at 3.5 percent for the third straight meeting, as it considers that the current policy stance remains appropriate to reach the 3 percent inflation target.
Mexico Inflation Rate Slows in February  
Mexican consumer prices rose by an annual 4.23 percent in February, down from 4.48 percent in January, as the effects of new taxes eased. A year earlier, the inflation was recorded at 3.55 percent.
Mexico Posts Record Trade Deficit in January  
In January of 2014, Mexican trade balance posted a USD 3.195 billion deficit, the highest trade deficit on record and mainly due to a fall in oil exports.
Mexico Unemployment Rate Rises in January  
In January of 2014, Mexican jobless rate edged up to 5.05 percent, after falling in December last year to a 5-year low at 4.25 percent.
Mexican Economy Slows in Q4  
Mexico’s GDP growth slowed in the last quarter of 2013 hurt by a drop in industrial production. The economy advanced a meager 0.2 percent on a quarter-on-quarter seasonally adjusted basis, down from a revised 0.95 percent growth rate in the previous three-month period.
Mexico GDP Growth Disappoints in Q4  
In the last three months of 2013, Mexican economy slowed for the second straight quarter expanding only 0.7 percent over a year earlier, hurt by lower production in agriculture and mining.
Mexico Annual Inflation Rate Hits 7-month High in January  
Mexican consumer prices rose 4.48 percent in the year through January up from 4 percent reported in December. During the month prices increased 0.89 percent.
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