Unemployment in Mexico stands at 3.3% at the close of the Peña Nieto government

Unemployment in Mexico stands at 3.3% at the close of the Peña Nieto government



The unemployment rate in Mexico reached 3.3% of the Economically Active Population (PEA) last November, closing the Government of President Enrique Peña Nieto, reported today the National Institute of Statistics and Geography (Inegi).

The rate of 3.3% of the EAP shows a higher proportion than that registered in October (3.2%), although it is lower compared to the same period of the previous year (3.4%), the Institute said in a statement.

The Inegi considers employed people over 14 who work at least six hours a week and in any position, which last November represented an occupancy rate of 96.7% of the EAP.

In November 2018, 59.6% of the population aged 15 and over was economically active, an increase of 0.4 percentage points compared to the previous month.

In underemployment was 7.1% of the population, with a slight increase compared to 6.9% registered in the same month of 2017, the Institute said.

By sectors, 42% of the EAP was concentrated in services, 18.8% in the manufacturing industry, 16.5% in agricultural activity, 13.8% in construction and 7.4% in other activities such as mining, electricity , water and gas supply.

Peña Nieto (2012-2018) concluded his administration on November 30 and December 1 assumed the presidency of Mexico Andrés Manuel López Obrador for the period 2018-2024.

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