Mexico Unemployment Rate 1994-2017 | Data | Chart | Calendar | Forecast

The unemployment rate in Mexico declined to 3.5 percent in October of 2017 from 3.67 percent in the same month a year ago but slightly above market expectations of 3.4 percent. When adjusted for seasonality, the jobless rate went up to 3.4 percent from 3.3 percent in September and compared with market consensus of 3.3 percent. Unemployment Rate in Mexico averaged 3.78 percent from 1994 until 2017, 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.

Mexico Unemployment Rate
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.




Mexico Jobless Rate Falls to 3.5% in October


The unemployment rate in Mexico declined to 3.5 percent in October of 2017 from 3.67 percent in the same month a year ago but slightly above market expectations of 3.4 percent. When adjusted for seasonality, the jobless rate went up to 3.4 percent from 3.3 percent in September and compared with market consensus of 3.3 percent.

Compared to October of 2016, the jobless rate went down for men (3.3 percent from 3.7 percent) but increased slightly for women (3.8 percent from 3.7 percent). Among unemployed people, 18.1 percent had not completed secondary education while 81.8 percent had a higher education.

Those underemployed accounted for 7.4 percent of total employed, lower than 8.1 percent a year ago.

The participation rate remained unchanged at 59.5 percent.

INEGI | Luisa Carvalho |
11/28/2017 2:37:32 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-09-26 01:00 PM Unemployment Rate 3.50% 3.4% 3.40% 3.4%
2017-10-20 01:00 PM Unemployment Rate 3.6% 3.5% 3.4%
2017-11-28 02:00 PM Unemployment Rate 3.50% 3.60% 3.40% 3.6%
2017-12-22 02:00 PM Unemployment Rate 3.50% 3.3% 3.4%
2018-01-20 02:00 PM Unemployment Rate
2018-02-27 02:00 PM Unemployment Rate


Mexico Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.50 3.60 6.42 2.22 percent [+]
Employed Persons 52438646.00 52198611.00 52438646.00 37970852.00 [+]
Unemployed Persons 1931269.00 1870180.00 3012574.00 915418.00 [+]
Labor Force Participation Rate 59.50 59.10 61.47 58.18 percent [+]
Labour Costs 85.70 81.30 127.10 66.60 Index Points [+]
Productivity 105.10 107.30 113.70 91.90 Index Points [+]
Wages 331.29 332.39 337.37 129.28 MXN/Day [+]
Wages in Manufacturing 2.40 2.30 3.60 1.90 USD/Hour [+]
Minimum Wages 80.04 80.04 80.04 0.01 MXN/Day [+]
Population 122.27 121.01 122.27 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 5560.00 5100.00 5560.00 4800.00 MXN/Month [+]
Wages High Skilled 16700.00 15500.00 16700.00 13200.00 MXN/Month [+]
Living Wage Family 8260.00 8160.00 8410.00 8160.00 MXN/Month [+]
Living Wage Individual 4470.00 4340.00 4830.00 4340.00 MXN/Month [+]
Employment Rate 96.50 96.40 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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.60 6.42 2.22 1994 - 2017 percent Monthly
NSA




unemployment rate by Country
Country Last
Spain 16.38 Sep/17
Brazil 12.20 Oct/17
Italy 11.10 Oct/17
Turkey 10.60 Sep/17
France 9.70 Sep/17
Euro Area 8.80 Oct/17
Canada 5.90 Nov/17
Indonesia 5.50 Sep/17
Australia 5.40 Nov/17
Russia 5.10 Oct/17
Netherlands 4.50 Oct/17
United Kingdom 4.30 Oct/17
United States 4.10 Nov/17
China 3.95 Sep/17
South Korea 3.70 Nov/17
Germany 3.60 Oct/17
Mexico 3.50 Oct/17
India 3.46 Dec/16
Switzerland 3.10 Nov/17
Japan 2.80 Oct/17