Unemployment in Mexico

Mexico Unemployment | Economic News & Forecasts

Mexico - Unemployment

A preliminary estimate revealed that GDP contracted for the first time since the 2009 economic crisis in Q2, dragged down by a broad-based deterioration across the major sectors. Notably, industrial-sector output fell sharply amid the ailing construction and oil and gas sectors, while the services segment logged only paltry growth. That said, in what came to a surprise to market analysts, the economy managed to avoid slipping into a technical recession as output rebounded, albeit marginally, on a quarterly basis. Meanwhile, in mid-July, the government unveiled a new business plan for the heavily indebted, state-owned oil firm Pemex to revamp production capacity, which includes tax breaks and a capital injection of over USD 7 billion. Nevertheless, the plan was met with skepticism among investors due to concerns over its effectiveness, limited private-sector involvement and impact on fiscal sustainability, which could place the company, and the sovereign, at risk of further credit rating downgrades.

Mexico - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate4.3  3.8  4.0  3.4  3.1  

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Mexico Unemployment Chart

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

Mexico Facts

Bond Yield7.51-0.24 %Jul 31
Exchange Rate19.13-0.29 %Jul 31
Stock Market40,8630.12 %Jul 31

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