* Mexico’s national statistics institute (Inegi) has published new figures which show that the unemployment rate stood at 2.9% of the economically active population – people over the age of 15 who are employed or seeking employment – in September, equating to 1.8m people. According to Inegi, this is down 0.5 percentage points, or 234,000 fewer people, than in September 2022. In monthly terms, the unemployment rate experienced no changes, although the rate of underemployment was up 0.2 percentage points to 8.2% of the employed population. According to Inegi, the number of people in Mexico’s economically active population who were employed in September 2023 equalled 59.1m, up 1.6m on the same month of 2022.
Back
LatinNews Daily - 27 October 2023
In brief: Mexico’s unemployment rate drops in yearly terms
- COLOMBIA: Gov’t braces for rebuke in regional and municipal elections
- In brief: Ecuador introduces power-cuts due to impact of drought
- BRAZIL: Soldiers detained over stolen machine guns
- In brief: Brazil’s Petrobras reports rising oil production
- GUATEMALA: New TSE president takes over at crucial point
- In brief: Panama’s judiciary admits appeal against mining contract
- MEXICO: INE lays out private campaign financing limits
- In brief: Mexico’s unemployment rate drops in yearly terms
- ARGENTINA: Milei and Massa ramp it up ahead of run-off
- In brief: Chile lowers interest rates