Mexico: Labor cost
* indicates monthly or quarterly data series
The most recent value is 170.7 index points as of March 2026, a decline compared to the previous value of 178.34 index points. Historically, the average for Mexico from January 2008 to March 2026 is 102.11 index points. The minimum of 56.49 index points was recorded in February 2008, while the maximum of 220.53 index points was reached in December 2025.
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* indicates monthly or quarterly data series
- Measure: index points
- Source: Bank of Mexico
| Recent values | Mexico: Labor cost index |
|---|---|
| 2026 Mar | 170.7 |
| 2026 Feb | 178.34 |
| 2026 Jan | 180.99 |
| 2025 Dec | 220.53 |
| 2025 Nov | 172.96 |
| 2025 Oct | 179.2 |
| 2025 Sep | 169.93 |
| 2025 Aug | 175.6 |
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Definition: The index reflects the level of the total compensation of employees in the economy. Labor costs are defined as core expenditure borne by employers for the purpose of employing staff. They include employee compensation, with wages and salaries in cash and in kind, employers' social security contributions and employment taxes regarded as labor costs minus any subsidies received.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Labor force | 61.71 | 2025 | million people |
| Unemployment rate | 2.67 | 2025 | percent |
| Female unemployment | 2.73 | 2025 | percent |
| Male unemployment | 2.64 | 2025 | percent |
| Youth unemployment | 5.55 | 2024 | percent |
| Labor force participation | 61.61 | 2025 | percent |
| Labor force: percent female | 40.25 | 2025 | percent |
| Female labor force participation | 47.36 | 2024 | percent |
| Male labor force participation | 77.42 | 2024 | percent |
| Hours worked | 2,206.63 | 2023 | hours |
| Self-employment | 31.35 | 2023 | percent |
| Informal employment | 55.70 | 2020 | percent |
| Employment | 59.79 | Q4/2025 | million employed people |
| Unemployment rate | 2.56 | 4/2026 | percent |
| Labor cost | 170.70 | 3/2026 | index points |