| Mexico's Labor Market Growing: Unemployment is Second-Lowest in the OECD The News | |
| go to original July 17, 2013 |
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MEXICO CITY – The Mexican labor market has performed better than many of the other economies that make up the Organization for Economic Cooperation and Development (OECD), according to an OECD report released Tuesday. Although the unemployment rate remains above the level present in Mexico before the onset of the Global Financial Crisis, it is below the OECD average.
The OECD report said that Mexico had the second highest economic growth rate among member countries in 2013, after Chile, and the strongest job creation rate. After reaching a peak rate of 6.0 percent in September 2009, unemployment in Mexico has steadily fallen, reaching 5.2 percent in April 2013.
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