The unemployment rate in Mexico was at 4.7 percent in April of 2021, the same as in April of 2020. It was the highest jobless rate since January, as more people looked for work. The labour force climbed by 12.7 million to 57.5 million. At the same time, the number of unemployed rose by 574 thousand to 2.7 million while employed increased by 12.1 million to 54.8 million. When adjusted for seasonality, the jobless rate went up to 4.7 percent from 4.4 percent in March. source: Instituto Nacional de Estadística y Geografía (INEGI)
Unemployment Rate in Mexico averaged 3.78 percent from 1994 until 2021, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Unemployment Rate in Mexico is expected to be 3.90 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 3.50 in 12 months time. In the long-term, the Mexico Unemployment Rate is projected to trend around 3.30 percent in 2022, according to our econometric models.