The unemployment rate in Mexico rose to 3.6 percent in January of 2019 from 3.4 percent in the same month of the previous year, slightly below market expectations of 3.7 percent. The jobless rate increased for women (3.8% vs 3.3% in January 2018) while it remained steady for men (at 3.4%). In January, about 17.1 percent of unemployed did not have a full secondary education while 82.9 percent had a higher education. Meantime, the activity rate rose only marginally to 59.2 percent from 59.0 percent in January 2018. When adjusted for seasonality, the jobless rate dropped to 3.5 percent from 3.6 percent in the prior month and below market consensus of 3.6 percent. Unemployment Rate in Mexico averaged 3.76 percent from 1994 until 2019, reaching an all time high of 6.42 percent in September of 2009 and a record low of 2.22 percent in March of 1997.

Unemployment Rate in Mexico is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Mexico to stand at 3.60 in 12 months time. In the long-term, the Mexico Unemployment Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.

Mexico Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-27 02:00 PM Unemployment Rate 3.2% 3.6% 3.4% 3.5%
2018-12-24 02:00 PM Unemployment Rate 3.3% 3.2% 3.4% 3.2%
2019-01-22 02:00 PM Unemployment Rate 3.4% 3.3% 3.3% 3.10%
2019-02-27 02:00 PM Unemployment Rate 3.6% 3.4% 3.7% 3.5%
2019-03-27 02:00 PM Unemployment Rate 3.6% 3.20%
2019-04-23 01:00 PM Unemployment Rate 3.20%
2019-05-28 01:00 PM Unemployment Rate 3.40%


Mexico Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.60 3.40 6.42 2.22 percent [+]
Employed Persons 54194608.00 54027997.00 54194608.00 37970852.00 [+]
Unemployed Persons 1828591.00 1934278.00 3012574.00 915418.00 [+]
Labor Force Participation Rate 59.50 60.00 61.47 58.18 percent [+]
Labour Costs 112.30 79.30 127.10 66.40 Index Points [+]
Productivity 106.00 107.60 113.60 91.90 Index Points [+]
Wages 372.23 354.35 372.23 129.28 MXN/Day [+]
Wages in Manufacturing 3.20 2.30 3.60 1.90 USD/Hour [+]
Minimum Wages 102.68 88.36 102.68 0.01 MXN/Day [+]
Population 123.52 122.27 123.52 38.68 Million [+]
Retirement Age Women 65.00 65.00 65.00 65.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Wages Low Skilled 5390.00 5280.00 5390.00 4870.00 MXN/Month [+]
Wages High Skilled 17200.00 15600.00 17200.00 13700.00 MXN/Month [+]
Living Wage Family 7900.00 7700.00 7900.00 7700.00 MXN/Month [+]
Living Wage Individual 4320.00 4130.00 4320.00 4130.00 MXN/Month [+]
Employment Rate 96.43 96.65 97.23 93.58 percent [+]


Mexico Unemployment Rate

In Mexico, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Mexico Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Mexico Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.60 3.40 6.42 2.22 1994 - 2019 percent Monthly
NSA




Country Last Previous
South Africa 27.10 Dec/18
Spain 14.45 Dec/18
Turkey 13.50 Dec/18
Brazil 12.00 Jan/19
Italy 10.50 Jan/19
Argentina 9.00 Sep/18
France 8.80 Dec/18
Euro Area 7.80 Jan/19
India 6.10 Dec/18
Saudi Arabia 6.00 Sep/18
Canada 5.80 Feb/19
Indonesia 5.34 Sep/18
Australia 5.00 Jan/19
Russia 4.90 Jan/19
United Kingdom 4.00 Dec/18
China 3.80 Dec/18
United States 3.80 Feb/19
South Korea 3.70 Feb/19
Mexico 3.60 Jan/19
Netherlands 3.60 Jan/19
Germany 3.20 Jan/19
Switzerland 2.70 Feb/19
Japan 2.50 Jan/19
Singapore 2.20 Dec/18


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