The unemployment rate in Mexico reached 2.6% of the economically active population (EAP) last October, the National Institute of Statistics and Geography (Inegi) reported this Friday.
The unemployment data is lower than the 2.5% rate for the same month in 2024, although higher than the 3% rate last September, the autonomous body specified in its report.
The unemployed population was 1.6 million people and the unemployment rate (TD) was 2.6% of the EAP. Compared to October 2024, the unemployed population increased by 96 thousand people and the TD was higher by 0.1 percentage points, detailed the Inegi.
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The EAP for the tenth month of the year reached 62.5 million people aged 15 and over, which represented a participation rate of 59.9% and an active population greater by 1.1 million compared to October 2024. Of the EAP, 60.9 million people were employed during October, one million more than in the same month a year before.
Underemployed people, that is, those who declared they had the need and availability to work more hours, were 4.6 million, 7.5% of the employed population, a percentage lower than the 9.4% registered in October 2024.
By sectors and informality
Informal workers in July totaled 33.9 million, which raised the informality rate to 55.7%.
The employed population by sector of activity was distributed as follows: 44.6% in services; 19.7% in commerce; 16.1% in manufacturing; 10.3% in agricultural activities; and 7.9% in construction.
In “other economic activities”, which include mining, electricity, water and gas supply, 0.6% of the population was employed, while 0.8% did not specify activity.
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By gender, the female EAP in October was 25.3 million and the male EAP was 35.6 million, with a participation rate of 46.7% in women of working age and 74.9% in men.
The figures reflect the economic behavior of Mexico, which fell to -0.2% in the third quarter of the year, amid the uncertainty due to the trade war unleashed by the United States and after the 1.5% GDP growth in 2024.
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The post Unemployment in Mexico: Inegi reported on the rate in October appeared first on Veritas News.
