Mexico Unemployment Rate Falls to 4.1% in November Latin American Herald Tribune
go to original December 27, 2015

Most youth in Mexico confront a bleak job market, forcing most into the informal economy. (teleSUR/Clayton Conn)

Mexico’s unemployment rate was 4.1 percent in November, down from the 4.6 percent level registered in the same month of last year, the National Institute of Statistics and Geography, or INEGI, said.

The jobless rate also came in at 4.1 percent last month on a seasonally adjusted basis, down 0.2 percentage points from October.

The underemployment rate – defined as workers who are willing to work more hours but are unable to do so – was 9.4 percent in November, well above the 7.9 percent rate registered in the same month last year, the INEGI said Thursday.

The statistics agency, which considers a worker to be employed if they are older than 14 and work at least six hours a week in any job, said the labor force participation rate was 95.9 percent in November.

Some 58 percent of Mexico’s workers were employed in the informal sector of the economy last month, a figure that was slightly higher than the 56.8 percent level registered in November 2014, the INEGI said.

Read the rest at Latin American Herald Tribune

We invite you to add your charity or supporting organizations' news stories and coming events to PVAngels so we can share them with the world. Do it now!