Mexico Still Tight Labor Market

Mexico's labor market remained tight in April with a 2.46% unemployment rate, beating expectations, although informality rose and employment growth was driven by self-employment.

Key Takeaways

• 1.Mexico's unemployment rate reached a tight 2.46% in April, significantly lower than the Bloomberg consensus of 2.69%.
• 2.While employment growth accelerated to 1.2% yoy, it was primarily driven by self-employment as salaried jobs remained flat.
• 3.Labor informality remains a concern, rising to 55.1%, which is 50 basis points higher than a year ago.

Table of Contents

• Bottom Line
• KEY NUMBERS (Apr)
• DETAILS
• Disclosure Appendix
• Global product; distributing entities
• General disclosures

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