Thursday, January 15, 2015

México Has One of Lowest Unemployment Rates

by Murry Page
14 Jan 15
mazmessenger.com
 
The Organization for Economic Cooperation and Development (OECD) reported that in November of 2014 México had the fourth lowest unemployment rate of its 32 member countries.

A spokesperson for the OECD said that México’s unemployment rate for November 2014 stood at 4.7 percent, well below the average of 7.2 percent for all member countries.

The OECD said México’s workforce remained stable for the second consecutive month, which includes 2.443 million workers, 56,000 more than that recorded in October of 2014.

By age groups, the unemployment rate for youth in México rose to 9.8 percent in November of last year down from the 9.3 percent seen in October, while the adult unemployment rate fell to 3.6 percent from 3.7 percent in October 2013.

The OECD report revealed that the OECD countries that had the highest rates of unemployment in November of last year were Spain with 23.9 percent, Portugal with 13.9 percent, Italy 13.4 percent, Slovakia with 12.6 percent and Ireland with 10.7 percent.

Those OECD countries with the lowest unemployment rates were Korea with 3.4 percent, Japan with 3.5 percent, 4.6 percent Iceland, México with 4.7 percent and Austria with 4.9 percent.

(from El Sol de Mazatlán)

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