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Available: https://www.statista.com/statistics/263702/unemployment-rate-in-mexico/, Mexico: Unemployment rate from 1999 to 2021, Share of economically active population in Mexico Q1 2017 - Q2 2022, by gender, Mexico: employed population share by status 2015-2021, Share of employment in the informal sector in Mexico Q1 2019-Q2 2022, by gender, Undergraduate studies with the highest unemployment rate in Mexio 2021, Mexico: economically active population 2013-2022, Number of dismissals in Mexico Q1 2022, by cause, Unemployed population in Mexico Q2 2022, by age, Unemployed population in Mexico Q2 2022, by cause, Unemployed population in Mexico Q2 2022, by time in unemployment, Unemployed population in Mexico Q2 2022, by educational level, Unemployment rate in Mexico Q2 2022, by state, Unemployment rate in Mexico Q1 2019-Q2 2022, by gender, Urban open unemployment rate in Mexico 2000-2020, by years of schooling, Youth unemployment rate in Mexico in 2021, Urban open unemployment rate in Mexico 2004-2020, by age, Youth NEET rate in Mexico 2010-2021, by gender, Monthly change in employment in Mexico 2020-2022, Change in employment compared to pre-pandemic levels in Mexico July 2022, by state, Change in level of employment in Mexico Q1 2020-Q2 2022, by educational level, Change in level of formal and informal employment in Mexico 2020-2022, Quarterly unemployment rate in France 4th quarter 2021, Monthly unemployment rate in the United Kingdom January 2022, Monthly unemployment rate in Japan September 2022, Unemployment rate in Russia monthly 2020-2022, Peru: monthly unemployment rate in Lima 2019-2021, U.S. unadjusted unemployment rate 2021-2023, Latin America & Caribbean: unemployment rate 2021-2026, by country, Countries with the highest unemployment rate 2021, Monthly unemployment rate in the EU and Euro area 2019-2022, U.S. youth unemployment rate by state in 2012, Mexican motor vehicle parts exports from U.S. 2012-2016, Key figures on Mexican pharmaceutical industry 2016, Unemployment rate of persons aged 15-89 years in Poland 2021-2022, Foreign direct investment in Mexican medical device industry by country 2005-2016, Number of pharmaceutical companies in Mexico 2017, by state, U.S. chemical exports to Mexico 2001-2019, Average price of ski/wakeboard boats in the U.S. 2013, Find your information in our database containing over 20,000 reports, countries with the highest population density. Proactive, Prices falling as global supply chain problems ease on lower demand, October 24, 2022. [Online]. The maximum rate was 55683448 Person and minimum was 37970852 Person. Copy a customized link that shows your highlighted text. That year, urban population whose age ranged between 35 and 44 years had the lowest open. Among New Mexico counties, Luna County fared the worst with an 11.1% jobless rate up significantly from the 9.4% rate it posted in October. September 27, 2022. In 2021, Mexico's unemployment rate was around 4.38 percent. Over the last five years, the official unemployment rate in Mexican cities has grown by 0.72% to reach 3.8%. In September 2021, 3.93 percent of the economically active population in Mexico was considered unemployed, down from 4.79 percent registered in the same month of 2020. Show publisher information Another factor supporting the significant recovery in manufacturing is the foreign direct investment (FDI). The Employed Population reached 58.4 million people, representing 96.7 percent of the EAP, according to INEGI this sector is a percentage of the population 15 years old and over. Mexico unemployment rate for 2021 was 4.38%, a 0.07% decline from 2020. ", INEGI, Unemployed population as share of economically active population in Mexico from January 2019 to September 2021 Statista, https://www.statista.com/statistics/1108285/mexico-monthly-unemployment-rate/ (last visited March 18, 2023), Unemployed population as share of economically active population in Mexico from January 2019 to September 2021 [Graph], INEGI, October 22, 2021. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. "This population is 1.7 million more than in October 2021.". Irish Examiner, World food prices eased in October despite uncertainty over Ukraine grain shipments, November 4, 2022. ", Contina bajando el #desempleo en Mxico! La tasa de desocupacin se ubic en 3.3% en octubre, 0.6% menos respecto al mismo periodo del ao anterior; registrando 2 millones de personas sin #empleo. The unemployed population decreased by 0.333 million to 1.8 million, while those employed increased by 2.8 million to 58.4 million persons. Therefore, demand for goods related to households increased, such as furniture and appliances like stoves, fridges, and vacuum cleaners. 2) The decrease in international food prices has started to feed through.16 3) The expected economic slowdown will help reduce demand-side pressures. In the third quarter of 2022, the Mexican economy grew 4.3% year over year (YoY), a number that doubled expectations at a time when the world economy is decelerating. Learn more about how Statista can support your business. It was the lowest reading since December 2005, as the employed population increased by 2.4 million to 58.9 million persons, while those unemployed decreased by 424 thousand to 1.7 million. December 22, 2022. International Monetary Fund (IMF) Blog, Latest global growth forecasts show challenges facing economies, October 19, 2022. The population employed in labor informality was 32.4 million people. Furthermore, annual average inflation went from 3.4% in 2020 to 5.7% in 2021, reaching a maximum of 7.4% at the end of the year.11. June's unemployment rate was 4.0 percent, slightly lower than the unemployment rate of 4.1 percent in May. Mexico unemployment rate for 2018 was 3.28%, a 0.14% decline from 2017. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. The Mexican unemployment rate eased to 3% in January 2023 from 3.7% in the corresponding period a year ago and slightly below market expectations of 3.1%. The maximum rate was 97.23 % and minimum was 93.58 %. He is passionate about impact evaluation, development economics, and macroeconomic analysis. Unemployment rate in Mexico in the 2nd quarter 2022, by federal entity [Graph]. He is also the director of D.Econosignal, Mexico. World Bank. The unemployed population decreased by 0.333 million to 1.8 million, while those employed increased by 2.8 million to 58.4 million persons. The unemployment rate was slightly higher than the previously recorded month in December 2021, when about 5.8 percent of the state's workforce remained jobless. The INEGI survey indicates that the EAP totaled 60.4 million people in October this year. Historical Data (%) by years Data Period Date Historical Chart by presidents (%) Enrique Pea Felipe Caldern Vicente Fox Ernesto Zedillo Carlos Salinas Santiago Acosta-Ormaechea et al., Latin America faces a third shock as global financial conditions tighten, October 13, 2022. 2) Interest rates will remain high, putting pressure on borrowing costs and dampening private sector credit. Mexico Inflation. The youth unemployment rate in Mexico decreased by 0.2 percentage points in 2021 in comparison to the previous year. Other sectors, meanwhile, especially those related to domestic production, such as construction and mining, have still not picked up pace. The calendard adjusted figures are adjusted for Easter. INEGI. Mexico's gross domestic product (GDP) grew at an annualized 6.1 percent in second quarter 2021, faster than first-quarter growth of 3.1 percent. In the first six months of 2022, FDI into Mexico reached 27 billion dollars, an increment of 24.5% compared to the first half of 2021. ", The survey also covers the sector of the population engaged in informal labor. (August 18, 2022). Business Solutions including all features. Statista. Social login not available on Microsoft Edge browser at this time. (September 27, 2022). As a result, services related to food increased their prices, creating a spiral that has spread from production costs to the final consumer. In total, the youth unemployment rate declined to 7.87 percent in 2021. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. In, INEGI. Real GDP forecast, Annual growth rate (%), 2024, Household debt, % of net disposable income, 2021 For example, for restaurants and other related sectors, inflation ended 2020 at an annual rate of 3.9%, which rose to 6.6% by the end of 2021, and by September 2022, it had reached 10%. The National Survey of Occupation and Employment (ENOE) applies to household members of a home selected by sampling techniques. Then you can access your favorite statistics via the star in the header. Switch to the accessible table representation. The downward variation of 12 million economically active people compared to March was maintained, due to the temporary work suspension caused by the social distancing measures, INEGI said. Unemployment rate: INEGI reports both seasonally adjusted and a calendar adjusted figures in addition to the unadjusted figure. Outside Europe, the unemployment rate fell in Canada, Mexico and the United States and was broadly stable in Japan. Learn more about how Statista can support your business. Profit from the additional features of your individual account. Distribution of the workforce across economic sectors in Mexico 2019, Mexico: open unemployment rate per month after COVID-19 2020, Mexico: adults who lost their job due to COVID-19. Figures have been rounded. ", INEGI, Unemployment rate in Mexico in the 2nd quarter 2022, by federal entity Statista, https://www.statista.com/statistics/1339727/unemployment-rate-state-mexico/ (last visited March 18, 2023), Unemployment rate in Mexico in the 2nd quarter 2022, by federal entity [Graph], INEGI, August 18, 2022. All quotes delayed a minimum of 15 minutes. This figure implied a participation rate of 60.7 percent. Mexico's population Mexico is the third largest country in North America. INEGI. On Monday, the New Mexico Department of Workforce Solutions released January's unemployment. In, INEGI. Private consumption, on the other hand, was supported by the recovery seen in the labor market2 and real wages, record-breaking remittances,3 and the easing of pandemic-related mobility restrictions. The Local Area Unemployment Statistics (LAUS) program publishes estimates of the CIVILIAN LABOR FORCE, EMPLOYMENT, AND UNEMPLOYMENT, AND THE UNEMPLOYMENT RATE monthly using concepts and definitions that are consistent with those of the Current Population Survey (CPS), also known as the household survey. Accessed March 18, 2023. https://www.statista.com/statistics/1108285/mexico-monthly-unemployment-rate/, INEGI. Science performance (PISA), Mean score, 2018, Air and GHG emissions, Carbon dioxide (CO2), latest available year, Gross domestic product (GDP), US dollars/capita, 2021 Change your Analytics and performance cookie settings to access this feature. Nevada has the highest jobless rate in the country at 4.9%, while Utah sat atop the rankings at 2.2%. As of August 2022, investment in machinery and equipment in Mexico was already 17.4% above levels seen in January 2020, that is, just before the pandemic hit, and 8.3% higher than in the fourth quarter of 2018, when investments reached their peak. Data published Monthly by National Institute of Statistics and Geography. The main attention of policymakers has been focused on price pressures, which are proving quite stubborn. To use individual functions (e.g., mark statistics as favourites, set The underemployed, which INEGI considers as "those who reported the need and willingness to work more hours," were 4.4 million or 7.5 percent of the employed population. Unemployment Rate in Mexico increased to 3 % in January 2023. The unemployment rate in January was the lowest it has been since 2007 when data show the unemployment rate as at 3.5% from May through September of that year. The unemployment rate was 2.99 % (1.8M people), which implied a decrease of 0.44 percentage points compared to the previous quarter (3.43%). Latest available data for a fixed period, Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. 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unemployment rate in mexico