Unemployment in Mexico reaches historic low
MND Staff
March 31,
Informal workers, like street vendors, make up over half of the labor force in Mexico. ( Moisés Pablo Nava / Cuartoscuro.com)
Mexico’s unemployment rate hit a historic low of 2.7% in February, according to figures published today by the National Institute of Statistics and Geography (INEGI).
The INEGI’s National Employment and Occupation Survey (ENOE) shows that unemployment in February was a full percentage point lower than the same month in 2022, and 0.1% lower than in January this year.
A strong peso and low unemployment rate are positive signs in Mexico’s post-pandemic rebound (Depositphotos/Photo by kmiragaya)
Underemployment – the number of people who do not work enough hours – was also down to 7.4% in February, compared to 9.2% in February 2022.
These figures are despite the fact that Mexico’s economically active population (of working age) grew by 1.7 million people over the previous year. It reached 60 million people in February 2023, of whom 58.3 million were actively employed.
More:
https://mexiconewsdaily.com/news/unemployment-in-mexico-reaches-historic-low/
