February Unemployment Lowest in 7 Years

by Murry Page
28 Mar 15
mazmessenger.com

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)

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)