Monday, March 30, 2015

February Unemployment Lowest in 7 Years

by Murry Page
28 Mar 15

The National Institute of Statistics and Geography (INEGI) released the country’s unemployment numbers for February, which revealed that México’s unemployment rate for the month was 4.3 percent of the economically active population (PEA).

The 4.3 percent rate was down from the 4.7 percent reported in February of 2014. It was also the lowest rate for the month of February since 2008, when it stood at 3.89 percent.

When seasonally adjusted the unemployment rate was 4.5 percent of the PEA, the same level as seen in January.

Based on the National Survey of Occupation and Employment, during the month of February 59.4 percent of the population that is 15 years of age and over is economically active, down from 59.5 percent reported in the same month last year.

Unemployment by gender revealed that the unemployment rate for men fell from 4.6 to 4.3 percent between February 2014 and December 2015, and the unemployment rate for women dropped from 4.8 to 4.3 percent in the same period.

(from El Sol de Mazatlán)

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