March 1, 2021

Unemployment in Mexico increases to 3.6% in June at an annual rate



The unemployment rate in Mexico was 3.6% of the economically active population (EAP) last June, higher than 3.4% in the same month of 2018, according to figures published this Tuesday by the National Institute of Statistics and Geography (Inegi).

According to seasonally adjusted data, the level of unemployment stood at 3.5% in the sixth month of the year, a rate identical to that recorded last May, the institution said in a statement.

The underemployed population, which stated that they have need and availability to offer more hours of work than their current occupation allows, stood at 7.6%, a proportion greater than 6.8% recorded a year earlier, in original figures .

The Inegi, which considers employees over 14 years of age who work at least six hours a week and in any position, placed the occupancy rate at 96.4% of the PEA in June.

People in the informal economy accounted for 56.3% of the total employed population, below 56.5% in June 2018.

42.7% of the employed population was concentrated in the services sector, 19.7% in commerce, 16.4% in manufacturing and 12.4% in agricultural activities.

Another 7.6% in construction, 0.7% in other sectors such as mining, electricity, water and gas supply, and the remaining 0.5% did not specify its activity.

68.4% of workers are employees, 22.4% are self-employed, 4.8% are employers or employers and 4.4% are people without fixed pay who work in businesses or family plots.

The unemployment rate in Mexico closed 2018 at 3.3% of the PEA, identical to that of the same period of 2017, standing at 1.82 million unemployed people.

Mexico has about 126 million inhabitants, according to demographic projections made since the last population census (2010) for 2019.

In 2016, 43.6% of the population – 53.4 million – lived in poverty, according to the report of the National Council for the Evaluation of Social Development Policy (Coneval).

(tagsToTranslate) unemployment (t) Mexico (t) increases (t) June (t) annual



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