The unemployment rate in Mexico increased to 3.5 percent in May 2019 from 3.2 percent in the corresponding month of the previous year, in line with market expectations. The jobless rate was slightly higher for women (3.6 percent from 3.2 percent in May 2018) than for men (3.5 percent from 3.3 percent). In May, about 16 percent of unemployed did not have a full secondary education while 83.9 percent had a higher education. Meantime, the activity rate went up to 60.2 percent from 60.1 percent a year ago. When adjusted for seasonality, the jobless rate stood at 3.5 percent, unchanged from the previous month. Unemployment Rate in Mexico averaged 3.75 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 3.60 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 3.70 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
2019-03-27 02:00 PM Unemployment Rate Feb 3.3% 3.6% 3.5%
2019-04-23 01:00 PM Unemployment Rate Mar 3.2% 3.3% 3.1%
2019-05-28 01:00 PM Unemployment Rate Apr 3.5% 3.2% 3.6% 3.40%
2019-06-26 01:00 PM Unemployment Rate May 3.5% 3.5% 3.5% 3.5%
2019-07-29 11:00 AM Unemployment Rate Jun 3.5% 3.5% 3.40%
2019-08-27 11:00 AM Unemployment Rate Jul 3.20%
2019-09-25 11:00 AM Unemployment Rate Aug 3.10%


Mexico Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.50 3.50 6.42 2.22 percent [+]
Employed Persons 54152266.00 54194608.00 54194608.00 37970852.00 [+]
Unemployed Persons 1886205.00 1828591.00 3012574.00 915418.00 [+]
Labor Force Participation Rate 60.20 59.70 61.47 58.18 percent [+]
Labour Costs 85.70 86.40 127.10 66.40 Index Points [+]
Productivity 110.00 103.70 113.60 91.90 Index Points [+]
Wages 377.49 373.70 377.49 129.28 MXN/Day [+]
Wages in Manufacturing 2.70 2.70 3.80 2.00 USD/Hour [+]
Minimum Wages 102.68 102.68 102.68 0.01 MXN/Day [+]
Population 125.33 124.04 125.33 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 96.49 96.50 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.50 6.42 2.22 1994 - 2019 percent Monthly
NSA




Country Last Previous
South Africa 27.60 Mar/19
Spain 14.70 Mar/19
Turkey 13.00 Apr/19
Brazil 12.30 May/19
Argentina 10.10 Mar/19
Italy 9.90 May/19
France 8.70 Mar/19
Euro Area 7.50 May/19
India 6.00 Dec/18
Saudi Arabia 5.70 Mar/19
Canada 5.50 Jun/19
Australia 5.20 Jun/19
Indonesia 5.01 Mar/19
Russia 4.40 Jun/19
South Korea 4.00 Jun/19
United Kingdom 3.80 May/19
United States 3.70 Jun/19
China 3.67 Mar/19
Mexico 3.50 May/19
Netherlands 3.40 Jun/19
Germany 3.10 May/19
Japan 2.40 May/19
Singapore 2.20 Mar/19
Switzerland 2.10 Jun/19


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