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. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Then you can access your favorite statistics via the star in the header. As of Q2 2022, manufacturing production in Baja California was almost 30% above its 5-year average (2015-2019); in Chihuahua it was 18% higher; in Sinaloa 17% higher, and in Nuevo Leon and Michoacan it was 16% higher. ", 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. Data extracted on: March 16, 2023 Source: U.S. Bureau of Labor Statistics Note: More data series, including additional geographic areas, are available through the "Databases & Tables" tab at the top of this page. Unemployment rate: INEGI reports both seasonally adjusted and a calendar adjusted figures in addition to the unadjusted figure. If you are an admin, please authenticate by logging in again. Seasonally adjusted, the jobless rate edged down to 2.9% in January from 3% in the previous month. Our Standards: The Thomson Reuters Trust Principles. Please create an employee account to be able to mark statistics as favorites. "Unemployed Population as Share of Economically Active Population in Mexico from January 2019 to September 2021. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. 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.1 This uptick in growth saw the GDP reaching 18.4 billion pesos (920 billion US dollars), the same level registered in the fourth quarter of 2019, prior to the onset of the pandemic. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Other sectors, meanwhile, especially those related to domestic production, such as construction and mining, have still not picked up pace. 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. Monthly unemployment rate in Mexico from January 2020 to August 2022 [Graph]. On the upside, manufacturing activity and foreign investment could accelerate in the wake of nearshoring. Organisation for Economic. Trading Economics welcomes candidates from around the world. In June 2020, just a few. Available: https://www.statista.com/statistics/1339692/monthly-unemployment-rate-in-mexico/, Monthly unemployment rate in Mexico from January 2020 to August 2022, Immediate access to statistics, forecasts & reports, 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, U.S. seasonally adjusted unemployment rate 2021-2023, U.S. youth unemployment rate seasonally adjusted 2021-2023, Unemployment rate in selected world regions 2021, U.S. unadjusted unemployment rate 2021-2023, Unemployment rate of foreigners in Mexico 2021, Monthly surveyed urban unemployment rate in China December 2020-2022, Unemployment rate in Spain 2022, by age group, Youth unemployment rate in selected world regions 2020, Unemployment rate in Latin America and the Caribbean 2001-2021, U.S. monthly state unemployment rate December 2022, Unemployment rate in the EU 2022, by country, Unemployment rate in Canada 2022, by province, Find your information in our database containing over 20,000 reports. The unemployment rate stood at 3.3% in October, 0.6% lower than the same period last year; registering 2 million unemployed. Download Historical Data Save as Image From: To: Zoom: New Mexico's unemployment rate stood at 3.5% in January its lowest point since 2007. The main attention of policymakers has been focused on price pressures, which are proving quite stubborn. ARGENTINA VS BRAZIL VS NORWAY VS DENMARK VS MEXICO VS FINLAND ETC UNEMPLOYMENT COMPARISON #shorts COUNTRIES: ARGENTINA VS BRAZIL VS NORWAY VS DENMARK VS S. She is also a senior economist at D.Econosignal, Mexico. Reading performance (PISA), Mean score, 2018 He holds a PhD in development economics from the Graduate Institute of Geneva and an MSc from the London School of Economics. ", Sign In or Register to leave a comment, use the forums and more, I have already subscribed | Do not show this message again. Reuters, Remittances to Mexico again break record on back of strong U.S. labor market, September 2, 2022. The maximum rate was 6.42 % and minimum was 2.22 %. Mexico Unemployment (% of active population, aop) The economy expanded 0.5% quarter on quarter in Q4 according to a second data release, marginally above the flash estimate. Simply select text and choose how to share it: Email a customized link that shows your highlighted text. The economically active population rose by 2.5 million persons to 60.2 million, which resulted in a participation rate of 60.3%. Real GDP forecast, Annual growth rate (%), 2024, Household debt, % of net disposable income, 2021 Unemployment Rate in Mexico increased to 3 % in January 2023. This Tuesday, INEGI said regarding its October 2022 National Occupation and Employment Survey that the unemployed population was two million people, representinga decrease of 324 thousand people compared to October 2021. Mexico unemployment rate for 2021 was 4.38%, a 0.07% decline from 2020. On Monday, the New Mexico Department of Workforce Solutions released January's unemployment. By contrast, it increased in Israel and Korea. statistic alerts) please log in with your personal account. 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. See how we connect, collaborate, and drive impact across various locations. MEXICO CITY (Reuters) - Twelve million Mexicans have lost their jobs since March as part of the economic fallout from the coronavirus, and the number of people working in the informal sector shot. Note: Rates shown are a percentage of the labor force. Ests reportando este comentario a la redaccin. Profit from the additional features of your individual account. Also, the expected tax collection is based on the possibility that the economy will expand 3% in 2023, something that seems difficult to achieve at this stage. We estimate an annual growth of 2.6% for this year (up from 2.1% anticipated previously). We have a plan for your needs. Mar. Chart. Mexicos economy has been hammered by the pandemic, with the International Monetary Fund (IMF) predicting the countrys gross domestic product could shrink by up to 10.5% this year, in what would be its biggest decline since the 1930s. The unemployment rate for men was 3.9% and 3.7% for women. Organisation for Economic Co-operation and Development, The supply of critical raw materials endangered by Russias war on Ukraine, August 4, 2022. The maximum rate was 6.42 % and minimum was 2.22 %. Learn more about how Statista can support your business. Your email has been successfully registered. Available: https://www.statista.com/statistics/1339727/unemployment-rate-state-mexico/, Unemployment rate in Mexico in the 2nd quarter 2022, by federal entity, 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, Unemployment rate in Mexico Q1 2019-Q2 2022, U.S. seasonally adjusted unemployment rate 2021-2023, U.S. youth unemployment rate seasonally adjusted 2021-2023, Unemployment rate in selected world regions 2021, U.S. unadjusted unemployment rate 2021-2023, Unemployment rate of foreigners in Mexico 2021, Monthly surveyed urban unemployment rate in China February 2021-2023, Unemployment rate in Spain 2022, by age group, Youth unemployment rate in selected world regions 2020, Unemployment rate in Latin America and the Caribbean 2001-2021, U.S. monthly state unemployment rate December 2022, Unemployment rate in the EU 2022, by country, Find your information in our database containing over 20,000 reports. (August 18, 2022). Although this has had a positive effect on consumption, it has also surfaced as a drag on net exports.4. Later in the year, we expect a decoupling and anticipated 150 bps in accumulated cuts from Banxico (vs. only 25bps by the Fed), with the rate closing 2023 at 9.25%. 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. The INEGI survey indicates that the EAP totaled 60.4 million people in October this year. Alessandra Ortizis a senior economist at Deloitte Mexico. 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. ", 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. Are you interested in testing our business solutions? In total, the youth unemployment rate declined to 7.87 percent in 2021. In, INEGI. "Monthly unemployment rate in Mexico from January 2020 to August 2022." Accessed March 18, 2023. https://www.statista.com/statistics/1339727/unemployment-rate-state-mexico/, INEGI. INEGI. In, INEGI. Copy the URL to open this chart with all your selections. 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. DTTL (also referred to as "Deloitte Global") does not provide services to clients. Employment Ratein Mexico decreased to 97 % in January 2023. Several factors have led companies to establish resources in Mexico to serve the US market,18 including lower transportation and labor costs. Similarly, the global chip shortage made electronic devices12 and automobiles more expensive. teleSUR/MS, Get our newsletter delivered directly to your inbox. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information 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. Joseph Glauber et al., No end in sight yet for the global food price crisis, International Food Policy Research Institute, September 27, 2022. Then you can access your favorite statistics via the star in the header. Price pressures, which resulted in a participation rate of 60.3 % percent 2021. Including lower transportation and labor costs was 6.42 % and minimum was 2.22 % on consumption it... 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