Mexico reaches lowest unemployment rate in 11 years

While the informal labor market reached 57% in August 2017, slightly lower compared to the 57.8% reported in August 2016
Santa Fe, one of Mexico City's main financial districts - Photo: File photo/EL UNIVERSAL
27/09/2017
13:00
Rubén Migueles
Mexico City
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In August, Mexico's unemployment rate reached 3.3% remaining among the lowest rates since May 2006, according to the National Institute of Statistics and Geography (Instituto Nacional de Estadística y Geografía abbreviated Inegi).

While the underemployment rate, the employed population who has the need and availability to offer more working time, stood at 6.8%, slightly higher compared to the 6.4% reported a month earlier.

Regarding the informal labor market, the employed population who engage in productive activities that are not taxed or registered by the government, it reached 57% in August 2017, slightly lower compared to the 57.8% reported in August 2016.

However, the proportion of the population directly employed in the informal labor market reached 26.7%, a figure higher than the 26.5% recorded in July.

In August 2017, 58.8% of the population aged 15 and over was economically active, yet it is a lower figure than the one recorded in July when it stood at 59.1%.

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