Mexico's unemployment rate edged up to 2.6% in November 2024 from 2.5% in October, remaining below market expectations of 2.7%. Among men, the jobless rate increased slightly to 2.6% from 2.5%, while for women, it rose more noticeably to 2.8% from 2.5%. The number of unemployed individuals reached 1.6 million. Meanwhile, the labor force participation rate fell to 60% from 60.2%, with the economically active population falling to 61.6 million. source: Instituto Nacional de Estadística y Geografía (INEGI)
Unemployment Rate in Mexico increased to 2.60 percent in November from 2.50 percent in October of 2024. Unemployment Rate in Mexico averaged 3.70 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 January of 2025.
Unemployment Rate in Mexico increased to 2.60 percent in November from 2.50 percent in October of 2024. Unemployment Rate in Mexico is expected to be 2.40 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 3.00 percent in 2026, according to our econometric models.