The Mexican unemployment rate dropped to 4.0 percent in June of 2021, from 5.5 percent in the same month in 2020. The latest data showed a marked improvement in the Mexican labor market, as the number of employed persons increased by 7.0 million from a year earlier to 55.1 million, while the unemployed population shrank by 0.5 million to 2.3 million people. At the same time, the economically active population expanded by 6.5 million to 57.4 million, pushing the labor force participation rate higher to 58.5 percent, from 53.1 percent in June of 2020. On a seasonally adjusted basis, the jobless rate edged down to 4.0 percent from an upwardly revised 4.2 percent in May. source: Instituto Nacional de Estadística y Geografía (INEGI)

Unemployment Rate in Mexico averaged 3.78 percent from 1994 until 2021, 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 July of 2021.

Unemployment Rate in Mexico is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Unemployment Rate is projected to trend around 3.30 percent in 2022, according to our econometric models.

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Mexico Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.00 4.00 6.42 2.22 1994 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-22 11:00 AM Mar 3.9% 4.4% 4.2% 4.2%
2021-05-27 11:00 AM Apr 4.7% 3.9% 3.9%
2021-06-24 11:00 AM May 4% 4.7% 4.5% 4.4%
2021-07-26 11:00 AM Jun 4% 4% 4.2%
2021-08-26 11:00 AM Jul 4%
2021-09-28 11:00 AM Aug
2021-10-25 11:00 AM Sep
2021-11-29 12:00 PM Oct


News Stream
Mexico Jobless Rate Falls to 4% in June
The Mexican unemployment rate dropped to 4.0 percent in June of 2021, from 5.5 percent in the same month in 2020. The latest data showed a marked improvement in the Mexican labor market, as the number of employed persons increased by 7.0 million from a year earlier to 55.1 million, while the unemployed population shrank by 0.5 million to 2.3 million people. At the same time, the economically active population expanded by 6.5 million to 57.4 million, pushing the labor force participation rate higher to 58.5 percent, from 53.1 percent in June of 2020. On a seasonally adjusted basis, the jobless rate edged down to 4.0 percent from an upwardly revised 4.2 percent in May.
2021-07-26
Mexico Jobless Rate Retreats to 4% in May
The Mexican unemployment rate eased to 4.0 percent in May of 2021, from 4.2 percent in the same month in 2020 and was lower than market expectations of 4.5 percent. The latest data showed a marked improvement in the Mexican labor market, as the economy added 11.6 million people to the employed population, which stood at 54.9 million in May and accounted for 96 percent of the labor force. At the same time, the economically active population expanded by 12.0 million to 57.2 million, pushing the labor force participation rate higher to 58.7 percent, from 47.4 percent in May of 2020. Meanwhile, the number of unemployed rose by 388 thousand to 2.3 million. On a seasonally adjusted basis, the jobless rate went down to 4.1 percent from 4.5 percent in April.
2021-06-24
Mexico Jobless Rate at 4.7% in April
The unemployment rate in Mexico was at 4.7 percent in April of 2021, the same as in April of 2020. It was the highest jobless rate since January, as more people looked for work. The labour force climbed by 12.7 million to 57.5 million. At the same time, the number of unemployed rose by 574 thousand to 2.7 million while employed increased by 12.1 million to 54.8 million. When adjusted for seasonality, the jobless rate went up to 4.7 percent from 4.4 percent in March.
2021-05-27
Mexico Jobless Rate at 3.9%
The unemployment rate in Mexico jumped to 3.9 percent in March of 2021 from 2.9 percent in the corresponding month of the previous year and below market expectations of 4.2 percent, as the coronavirus pandemic continues to erase jobs in most industries. The number of unemployed increased by 493 thousand to 2.2 million while employed fell by 2 million to 53.8 million. Meantime, the labour force decreased by 1.5 million to 56 million. Job losses were primarily observed in services (-2.4 million), namely trade (-782 thousand) and restaurants & hotels (-498 thousand); and in the industrial sector (-315 thousand), mainly manufacturing (-140 thousand) and construction (-124 thousand). On the other hand, the primary sector added 800 thousand jobs. When adjusted for seasonality, the jobless rate was 4.4 percent, easing from 4.5 percent in the prior month.
2021-04-22

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.