The Mexican unemployment rate fell to 2.3% in March of 2024 from 2.4% in the corresponding period of the previous year and 2.5% in the earlier month, beating market expectations of 2.4%. It was the lowest unemployment rate recorded since 2001, adding leeway for the Bank of Mexico to slow its loosening cycle to curb inflation and support the peso. The unemployed population fell by 50 thousand from the previous year to 1.396 million, while net employment rose by 800 thousand to 59.818 million. source: Instituto Nacional de Estadística y Geografía (INEGI)
Unemployment Rate in Mexico decreased to 2.30 percent in March from 2.50 percent in February of 2024. Unemployment Rate in Mexico averaged 3.73 percent from 1994 until 2024, 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 May of 2024.
Unemployment Rate in Mexico decreased to 2.30 percent in March from 2.50 percent in February of 2024. Unemployment Rate in Mexico is expected to be 3.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Unemployment Rate is projected to trend around 3.50 percent in 2025, according to our econometric models.