The unemployment rate in Mexico stood at 3.6 percent in September 2018, unchanged from last year's figure and slightly above market expectations of 3.5 percent. Among genders, the unemployment rate decreased for men (3.4 percent vs 3.6 percent in September 2017) while it rose for women (3.9 percent vs 3.6 percent). In September, about 16.6 percent of unemployed people did not have a full secondary education while 83.4 percent had a higher education. Meantime, the activity rate increased to 59.5 percent from 59.1 percent in September 2017. When adjusted for seasonality, the jobless rate held steady at 3.3 percent, unchanged from the previous month and matching market expectations. Unemployment Rate in Mexico averaged 3.76 percent from 1994 until 2018, 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.

Unemployment Rate in Mexico is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Mexico to stand at 3.60 in 12 months time. In the long-term, the Mexico Unemployment Rate is projected to trend around 3.60 percent in 2020, according to our econometric models.

Mexico Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-28 01:00 PM Unemployment Rate 3.5% 3.4% 3.5% 3.3%
2018-09-26 01:00 PM Unemployment Rate 3.5% 3.5% 3.5% 3.5%
2018-10-24 01:00 PM Unemployment Rate 3.6% 3.5% 3.5% 3.6%
2018-11-27 02:00 PM Unemployment Rate 3.6% 3.5% 3.5%
2018-12-24 02:00 PM Unemployment Rate 3.5%


Mexico Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.60 3.50 6.42 2.22 percent [+]
Employed Persons 54027997.00 53785257.00 54027997.00 37970852.00 [+]
Unemployed Persons 1934278.00 1858160.00 3012574.00 915418.00 [+]
Labor Force Participation Rate 59.50 60.00 61.47 58.18 percent [+]
Labour Costs 82.30 81.10 127.10 66.60 Index Points [+]
Productivity 107.00 107.40 113.60 91.90 Index Points [+]
Wages 351.80 356.15 357.43 129.28 MXN/Day [+]
Wages in Manufacturing 2.30 2.30 3.60 1.90 USD/Hour [+]
Minimum Wages 88.36 88.36 88.36 0.01 MXN/Day [+]
Population 123.52 122.27 123.52 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 [+]
Wages Low Skilled 5390.00 5280.00 5390.00 4870.00 MXN/Month [+]
Wages High Skilled 17200.00 15600.00 17200.00 13700.00 MXN/Month [+]
Living Wage Family 7900.00 7700.00 7900.00 7700.00 MXN/Month [+]
Living Wage Individual 4320.00 4130.00 4320.00 4130.00 MXN/Month [+]
Employment Rate 96.40 96.53 97.23 93.58 percent [+]


Mexico Unemployment Rate

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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.60 3.50 6.42 2.22 1994 - 2018 percent Monthly
NSA




Country Last
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.90 Sep/18
Turkey 11.10 Aug/18
Italy 10.10 Sep/18
Argentina 9.60 Jun/18
France 9.10 Sep/18
Euro Area 8.10 Sep/18
Saudi Arabia 6.00 Jun/18
Canada 5.80 Oct/18
Indonesia 5.34 Jun/18
Australia 5.00 Oct/18
Russia 4.70 Oct/18
United Kingdom 4.10 Sep/18
South Korea 3.90 Oct/18
China 3.82 Sep/18
Netherlands 3.70 Oct/18
United States 3.70 Oct/18
Mexico 3.60 Sep/18
India 3.52 Dec/17
Germany 3.40 Sep/18
Switzerland 2.40 Oct/18
Japan 2.30 Sep/18
Singapore 2.10 Sep/18


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