Unemployment in Mexico

Mexico Unemployment | Economic News & Forecasts

Mexico - Unemployment

Fourth-quarter national accounts were bleaker than initially thought, highlighting the increasingly challenging economic backdrop dominated by heightened policy uncertainty and a slowdown north of the Rio Grande. A supply-side analysis pinned the letdown squarely on the industrial sector, which was held back by plunging mining activity and a slump in construction works. Manufacturing output, however, was the main culprit, decelerating for a second consecutive quarter amid a slowdown stateside. Agricultural- and services-sector output, meanwhile, held up. Turning to the current quarter, available indicators have been more upbeat. Consumer confidence hit a record high in January on AMLO’s first months in office, while industrial-sector surveys revealed new optimism among firms in February. On 1 March, however, S&P Global Ratings cut its outlook on Mexico’s investment-grade credit rating on fears of exacerbated fiscal woes and decreased private-sector investment as the government aims to hike spending on heavily-indebted Pemex, the state-run oil company.

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 Yield8.05-0.24 %Mar 11
Exchange Rate19.40-0.29 %Mar 11
Stock Market41,8760.12 %Mar 11

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