Unemployment in Mexico

Mexico Unemployment | Economic News & Forecasts

Mexico - Unemployment

Third-quarter growth exceeded market expectations as across-the-board expansions put the economy back on-track in the aftermath of this year’s bruising general election. Leaving behind the economic volatility and political uncertainty that pervaded the first half of the year, the services sector was firmly in the driver’s seat again in the third quarter on the post-election upswing of consumer sentiment. Industrial-sector output, meanwhile, notched a further recovery amid improved manufacturing and construction metrics. Weak oil and gas output, however, weighed on mining activity. In October, President-elect Andrés Manuel López Obrador’s (AMLO) call to cancel the USD 13 billion New Mexico City International Airport (NAIM) spooked investors, sparking a selloff of the peso. Set to take office at the beginning of December, AMLO, whose one-time market-friendly veneer already appears to be wearing off, risks beginning his presidency on the wrong foot with a currency rout and capital outflows possibly denting short-term growth prospects; following his announcement, Fitch Ratings said as much as it revised its credit-rating outlook to negative.

Mexico - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate4.3  3.8  4.0  3.4  3.1  

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Mexico Unemployment Chart

Mexico Unemployment
Note: Unemployment in % of active population.
Source: Mexico National Statistical Institute (INEGI).

Mexico Facts

Bond Yield9.01-0.24 %Nov 15
Exchange Rate20.23-0.29 %Nov 15
Stock Market41,4510.12 %Nov 15

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