Unemployment Rate at 5.2% in Mexico's Q3 Latin American Herald Tribune
go to original November 16, 2014

Young people in Mexico are facing an unemployment rate that is nearly twice the national average. A 2012 study found that unemployment is highest among the most educated women. Al Jazeera's Adam Raney follows the story of one woman's challenge to find a job in Mexico City. (Al Jazeera)

MEXICO CITY – Mexico posted an unemployment rate of 5.2 percent in the third quarter, virtually unchanged from the same three-month period of last year, officials last week.

A total of 2.7 million people, out of an economically active population of 52.4 million, were jobless between July and September, the National Institute of Statistics and Geography (INEGI) said in a statement.

The underemployment rate – defined as workers who wish to and are willing to work more hours but are unable to do so – was 8.1 percent in the third quarter, below the 8.5 percent rate registered in July-September of last year, the INEGI said.

The statistics agency, which considers workers 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 94.8 percent in the third quarter.

Some 28.9 million people, or 58.1 percent of Mexico’s workforce, were employed in the informal sector of the economy in the July-September period, down 1.5 percent from the third quarter of last year, the INEGI said.

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