Mexico's Unemployment Rate Rises In July RTTNews
go to original August 25, 2012

Mexico's unemployment rate increased from the previous month in July, but was below economists' expectations, data released by statistical office Inegi showed Friday.

The unemployment rate rose to 5.02 percent in July from 4.81 percent in June. In July 2011, the jobless rate was 5.62 percent. Economists were expecting the unemployment rate to rise to 5.2 percent in July.

The underemployment rate was 8.88 percent in July, higher than 8.85 percent recorded in the same month last year.

On a seasonally adjusted basis, the unemployment rate came in at 4.75 percent in July, down by 0.16 percentage points from the previous month.

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!