Unemployment in Mexico

Mexico Unemployment | Economic News & Forecasts

Mexico - Unemployment

A second GDP release showed that the economy was even weaker than previously estimated in the final quarter of last year, with output contracting more sharply year-on-year on shrinking manufacturing production and a still-reeling construction sector, while confirming the first full-year slump in a decade in 2019. Turning to Q1, available data points to a slight improvement in economic conditions, though downside risks have mounted. Although remaining in contractionary terrain, the manufacturing PMI averaged higher in January–February compared to Q4. The services PMI also fared as such, as did consumer confidence, but January’s tick-up in the unemployment rate and slower job growth might weigh on household spending. In addition, rising price pressures in February, which could be exacerbated further by the plunge in the peso, coupled with the coronavirus fallout, further cloud Q1 prospects.

Mexico - Unemployment Data

2014   2015   2016   2017   2018  
Unemployment Rate3.8  4.0  3.4  3.1  3.4  

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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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