Unemployment in Mexico
Mexico - UnemploymentRevised figures show that the economy expanded 1.0% quarter on quarter in Q1, marginally faster than previously estimated. The reading was driven by a sharp rebound in services activity, likely as the impact of last year’s labor outsourcing ban faded. Industrial output also picked up pace amid increased vehicle production and strong U.S. import demand, while the agricultural sector shrank. In Q2, available data suggests a continued—albeit milder—expansion, as higher inflation and interest rates weigh on activity. Experimental data from the statistics office pointed to a slowdown in economic growth in April due to softer services momentum. Moreover, both the manufacturing and services PMIs declined somewhat in May. However, strong employment and wage growth in the U.S. continues to spur remittances inflows, which should be buttressing consumption.
Mexico - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Mexico Unemployment Chart
Source: Mexico National Statistical Institute (INEGI).
|Bond Yield||6.87||-0.24 %||Dec 31|
|Exchange Rate||18.93||-0.29 %||Jan 01|
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August 4, 2022
Consumer confidence fell to 41.3 in July from June's 43.0.
August 1, 2022
Remittances totaled USD 5.2 billion in June, reflecting a 15.6% year-on-year increase, following May's 14.3% year-on-year expansion. On a cumulative 12-month basis up to June, remittances summed USD 55.5 billion, following the USD 54.2 billion registered in May.
August 1, 2022
The Mexican Institute of Financial Executives (IMEF) Manufacturing Purchasing Managers’ Index (PMI) rose to 52.2 in July from June's 49.3.
July 29, 2022
According to a preliminary estimate, economic growth was stable at 1.0% on a seasonally-adjusted quarter-on-quarter basis in the second quarter, beating market expectations.
July 27, 2022
Merchandise exports jumped 20.2% on an annual basis in June, following May’s 22.4% jump.