Mexico’s Unemployment Rate Comes in at 5.2% in Q3

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 said Wednesday.
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.
About 61 percent of workers were employed in commerce and services, while 24.4 percent were employed in manufacturing, 14 percent worked in agriculture and ranching and 0.6 percent did not specify their economic activity.
Mexico has a population of 119.5 million, according to the latest projections based on the 2010 census, of whom 53.3 million live in poverty.

One comment

  1. Wow, the last statistic is a whopper …. almost half the population in Mexico live in poverty, per the 2010 census. No wonder there is so much drug cartel activity in Mexico to a point where they control much of the country.

    However I am impressed on the number of 14 year olds , and younger, that go to school and work , even though most Mexican students may leave school by the age of 15 (Per an article in the Vallarta Tribune ). There is one element of the workforce in America that is not reported in the employment rate … is the high acreage of garden non-commercial farming that goes on in the country.

    During WWII in San Francisco, my father started me working on a paying job that took me over 6 hours a week in the second grade. Even before that, after school and on weekends, I had to work in the basement separating beans from the other material in the sacks from the farms and place them in glass bottles. I also participated in the caring for the rabbits, chickens , ducks and Canadian geese in the backyard. It was a time of food rationing during World War II.

    However, I would assume that this was better than living in poverty. Today In the U.S. , there are a high percentage (50% ?) of workable persons without jobs and permanently on welfare and food stamps. What will all the illegals in the U.S. do when given working permits and drivers licenses by the president?

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