Mexico: Unemployment rate
* indicates monthly or quarterly data series
The most recent value is 2.59 percent as of December 2024, a decline compared to the previous value of 2.69 percent. Historically, the average for Mexico from January 2005 to December 2024 is 4.04 percent. The minimum of 2.44 percent was recorded in October 2024, while the maximum of 6.42 percent was reached in September 2009.
Click on the following link to see the values of: Unemployment rate around the world.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: National Institute of Statistics and Geography of Mexico
| Recent values | Mexico: Unemployment rate, percent |
|---|---|
| 2024 Dec | 2.59 |
| 2024 Nov | 2.69 |
| 2024 Oct | 2.44 |
| 2024 Sep | 2.73 |
| 2024 Aug | 2.76 |
| 2024 Jul | 2.69 |
| 2024 Jun | 2.75 |
| 2024 May | 2.67 |
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Definition: The unemployment rate represents the share of the labor force that is without work but available for and seeking employment.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Labor force | 59.93 | 2023 | million people |
| Unemployment rate | 2.81 | 2023 | percent |
| Female unemployment | 2.86 | 2023 | percent |
| Male unemployment | 2.78 | 2023 | percent |
| Youth unemployment | 6.11 | 2023 | percent |
| Labor force participation | 61.52 | 2023 | percent |
| Labor force: percent female | 39.45 | 2023 | percent |
| Female labor force participation | 46.80 | 2023 | percent |
| Male labor force participation | 77.37 | 2023 | percent |
| Hours worked | 2,206.63 | 2023 | hours |
| Self-employment | 31.84 | 2022 | percent |
| Informal employment | 55.70 | 2020 | percent |
| Employment | 59.53 | Q3/2024 | million employed people |
| Unemployment rate | 2.59 | 12/2024 | percent |
| Labor cost | 203.32 | 12/2024 | index points |