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.