Unemployment Rate in Mexico Declines In May RTTNews
go to original June 25, 2013

Mexico's unemployment rate decreased modestly from the previous month in May, preliminary data released by statistical office INEGI showed Monday.

The unemployment rate, on an unadjusted basis, dropped to 4.93 percent in May from 5.04 percent in April, which was higher than March's figure of 4.51 percent. In May 2012, the jobless rate was 4.83 percent.

The underemployment rate for May was 8.6 percent, lower than 8.9 percent recorded a year earlier, data showed.

On a seasonally adjusted basis, the unemployment rate was 5.07 percent in June, 0.07 percentage points lower than in the previous month, data showed.

The agency said that the employed population in Mexico accounted for the 95.07 percent of the Economically Active Population.

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