Unemployment in Mexico

Mexico Unemployment | Economic News & Forecasts

Mexico - Unemployment

Available data suggests that the economy remained subdued in the final quarter of 2019, after it shrank again in the third quarter on falling investment and government expenditure. Economic activity contracted at the sharpest pace in seven months in October, dragged down by a broad-based decline in output across the major sectors. Moreover, the industrial sector continued to be mired in recession through November, largely weighed on by the ailing construction industry, while the manufacturing PMI deteriorated even further in Q4. Externally, goods exports slumped for the third month running in November, while a plunge in imports in the same month—the steepest in over a decade—point to restrained domestic demand in the final stretch of the year. On the policy front, the U.S. Senate ratified the U.S.-Mexico-Canada trade deal on 16 January, 14 months after the three countries first announced the agreement, boding well for the country’s investment climate. Canada’s ratification is still pending, however.

Mexico - Unemployment Data

2014   2015   2016   2017   2018  
Unemployment Rate3.8  4.0  3.4  3.1  3.4  

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Mexico Unemployment Chart

Mexico Unemployment
Note: Unemployment in % of active population.
Source: Mexico National Statistical Institute (INEGI).

Mexico Facts

Value Change Date
Bond Yield6.87-0.24 %Dec 31
Exchange Rate18.93-0.29 %Jan 01

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