Mexico Unemployment Rate Remains at 9-Month Low RTT News
go to original January 25, 2016

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

Mexico's unemployment rate remained unchanged at its lowest level in nine months in December, defying expectations for a decline, data from the statistical office INEGI showed Monday.

The unadjusted jobless rate held steady at 3.96 percent, while economists had expected it to fall to 3.88 percent. The latest figure is the lowest since March last year, when the rate was 3.86 percent.

The seasonally adjusted unemployment rate, however, climbed to 4.37 percent from 4.21 percent in November. Economists had forecast a decline to 4.07 percent.

Read the rest at RTT News

Related: Mexico’s Jobless Rate Likely to Remain Above Pre-Crisis Level in 2016 (EconoTimes)

Related: Pemex to Lay Off More Than 10,000 Workers (Prensa Latina)

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