The Mexican unemployment rate was at 3% in August 2024, its highest in a year and the same as in the corresponding period of the previous year. The number of unemployed people increased by 68 thousand to 1.9 million and the number of employed rose by 519 thousand to 59.7 million. The economically active population rose by 587 thousand to 61.6 million, which resulted in a participation rate of 60.2%. Seasonally adjusted, the unemployment rate edged up to 2.8% in August, from 2.7% in the previous month. source: Instituto Nacional de Estadística y Geografía (INEGI)
Unemployment Rate in Mexico increased to 3 percent in August from 2.90 percent in July of 2024. Unemployment Rate in Mexico averaged 3.71 percent from 1994 until 2024, reaching an all time high of 6.42 percent in September of 2009 and a record low of 2.22 percent in March of 1997. 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 - data, historical chart, forecasts and calendar of releases - was last updated on October of 2024.
Unemployment Rate in Mexico increased to 3 percent in August from 2.90 percent in July of 2024. Unemployment Rate in Mexico is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.