Mexico's Jobless Rate Falls to 4.9% in 2nd Quarter Agencia EFE
go to original August 16, 2014

People wait in line for a job fair in Mexico City. (EFE)

Mexico's unemployment rate fell to 4.9 percent of the workforce in the second quarter of 2014, down slightly from 5 percent in the same period of last year, authorities said.

A total of 2.5 million people were out of work in the April-June period in Mexico, whose workforce of 52.1 million people represents 58.6 of the nation's population, the National Institute of Statistics and Geography, or Inegi, said Wednesday.

The underemployed population, or those with the need and willingness to work longer hours than what their current job allows, fell to 8.2 percent of all employed persons, down from 8.5 percent in the second quarter of 2013.

Inegi considers as employed any person 14 years of age or older who works at least six hours a week at any occupation.

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