Unemployment in Mexico

Mexico Unemployment | Economic News & Forecasts

Mexico - Unemployment

After gaining steam in Q2, the economy seemed to lose some momentum in the third quarter amid a surge in domestic Covid-19 cases and global supply constraints. Both the manufacturing and services PMIs eased throughout Q3, while economic activity contracted in August according to a flash estimate. That said, the authorities’ fairly lax approach to restrictions likely provided some support, and surging remittances should have aided private consumption in the period. In politics, President López Obrador recently presented a constitutional reform to give the state more control over the electricity market. If approved, the reform could hurt business sentiment and dampen private investment in the power sector, although the president’s lack of a supermajority in Congress means approval of the new law is still in doubt.

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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