Unemployment in Mexico
Over the last decade, Mexico's unemployment rate has remained below 5%, despite spiking during the pandemic. The unemployment has generally been on a downward trend, and reached the lowest rate since the early 2000s at the end of 2024. The unemployment rate averaged 4.0% in the decade to 2022, below the 8.2% average for Latin America. The unemployment rate in Mexico in 2022 was 3.3%. For more unemployment information, visit our dedicated page.
Mexico Unemployment Chart
Note: This chart displays Unemployment Rate for Mexico from 2024 to 2021.
Source: Macrobond.
Mexico Unemployment Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Unemployment (% of active population, aop) | 4.4 | 4.1 | 3.3 | 2.8 | 2.7 |
| Unemployment (% of active population, eop) | 3.8 | 3.5 | 2.8 | 2.6 | 2.4 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Mexican unemployment projections for the next ten years from a panel of 24 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable unemployment forecast available for Mexican unemployment.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Mexican unemployment projections.
Want to get access to the full dataset of Mexican unemployment forecasts? Send an email to info@focus-economics.com.