Unemployment in Mexico

Mexico Unemployment | Economic News & Forecasts

Mexico - Unemployment

Preliminary data revealed that GDP contracted at a softer annual pace in Q3 than in Q2 as activity gradually recovered from the Covid-19 blow. On a quarterly basis, the economy rebounded vigorously, growing at the sharpest rate on record. The results underlined an uneven recovery in the making: Firmer foreign demand largely buoyed the industrial sector via a solid recovery in exports, particularly those tied to manufacturing. Meanwhile, the key services sector, which accounts for about two thirds of the economy, lagged behind as some form of restrictions prevailed in most of the country and still-elevated unemployment and weak sentiment weighed on domestic demand. Looking ahead, this pattern seems to have continued into Q4: In October, the manufacturing PMI jumped to growth territory, albeit just barely, for the first time in 17 months, whereas the services PMI retreated further into contractionary terrain.

Mexico - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate4.0  3.4  3.1  3.4  2.9  

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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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