Unemployment Rate in Mexico increased to 2.70 percent in May from 2.50 percent in April of 2025. This dataset provides the latest reported value for - Mexico Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Mexico unemployment rate for 2024 was 2.71%, a 0.05% decline from 2023.

<ul style='margin-top:20px;'>

<li>Mexico unemployment rate for 2023 was <strong>2.77%</strong>, a <strong>0.49% decline</strong> from 2022.</li>
<li>Mexico unemployment rate for 2022 was <strong>3.26%</strong>, a <strong>0.76% decline</strong> from 2021.</li>
<li>Mexico unemployment rate for 2021 was <strong>4.02%</strong>, a <strong>0.42% decline</strong> from 2020.</li>
</ul>Unemployment refers to the share of the labor force that is without work but available for and seeking employment.

The unemployment rate in Mexico amounted to about 2.67 percent in 2024. From 1980 to 2024, the rate rose by approximately 1.47 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the rate will rise by around 0.91 percentage points, showing an overall upward trend with periodic ups and downs.This indicator describes the unemployment rate, which can be defined by either the national definition, the ILO harmonized definition, or the OECD harmonized definition. The latter defines it as the number of unemployed people divided by the total labor force.

The statistic depicts the unemployment rate in Mexico from 1999 to 2024. In 2024, Mexico's unemployment rate was around 2.71 percent. Mexico's population Mexico is the third largest country in North America. Mexico’s economy has developed and improved over the years, partially due to a better relationship with the United States. Mexico’s total population was estimated to amount to around 120 million people in 2014, with the majority, i.e. more than 60 percent, having a Mestizo background. Despite a remarkably high migration flow between Mexico and the United States, with more than 11.5 million Mexican migrants living in the United States, Mexico’s population is still growing at a constant rate. In addition, life expectancy in Mexico is increasing, pointing towards an improvement of living conditions. However, the high total population numbers affect the population density. In 2012, there were more than 62 inhabitants per square kilometer registered, ten more than a decade ago. This trend is most likely to increase but not worriyngly so, since Mexico is still far from being one of the countries with the highest population density . Among the Mexican metropolises, Mexico City has the highest number of residents by far.

Key information about Mexico Unemployment Rate

• Mexico Unemployment Rate increased to 2.61% in Jan 2025, from the previously reported figure of 2.60% in Dec 2024.
• Mexico Unemployment Rate is updated monthly, available from Jan 2005 to Jan 2025, with an average rate of 3.81%.
• The data reached an all-time high of 5.89% in Sep 2009 and a record low of 2.44% in Oct 2024.
• The data is reported by reported by National Institute of Statistics and Geography.
• In the latest reports, Mexico Population reached 131.72 million people in Dec 2024.

In June 2024, Mexico's unemployment rate stood at 2.78 percent, following a fluctuating trend experienced in the North American country since January of that same year. During the time under consideration, unemployment peaked in June 2020, when the rate reached almost 5.5 percent.

Graph and download economic data for Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Mexico (LRUN24TTMXQ156S) from Q1 2005 to Q1 2025 about 15 to 24 years, Mexico, unemployment, and rate.

Graph and download economic data for Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Mexico (LRHUTTTTMXM156N) from Jan 1987 to Apr 2025 about Mexico, harmonized, unemployment, persons, and rate.

Mexico: Unemployment rate: The latest value from 2023 is 2.81 percent, a decline from 3.26 percent in 2022. In comparison, the world average is 6.99 percent, based on data from 178 countries. Historically, the average for Mexico from 1991 to 2023 is 3.97 percent. The minimum value, 2.6 percent, was reached in 1999 while the maximum of 7.09 percent was recorded in 1995.

In April 2023, 2.8 percent of the economically active population in Mexico was considered unemployed, down from 4.61 percent registered in the same month of 2021. In June 2020, just a few months after the COVID-19 outbreak, the unemployment rate reached its highest monthly value since the beginning of 2019, at 5.32 percent. Within the selected period, the lowest unemployment rate was observed from February to April of 2023, with 2.8.

Mexico: Unemployment rate forecast: The latest value from 2030 is 3.58 percent, a decline from 3.59 percent in 2029. In comparison, the world average is 6.28 percent, based on data from 100 countries. Historically, the average for Mexico from 1980 to 2030 is 3.76 percent. The minimum value, 0.9 percent, was reached in 1981 while the maximum of 6.23 percent was recorded in 1995.

The unemployment rate in Mexico stands at 2.62 percent according to the latest data from . That reading shows a decrease from the level of 2.65 percent in the previous month and a decrease from the level of 2.69 percent in the same month of the previous year. The unemployment rate data in ...

In the second quarter of 2024, the Mexico City was the Mexican federal entity with the largest unemployment rate of 4.04 percent. In contrast, the unemployment rate in Guerrero amounted to 1.04 percent.

Mexico Unemployment Rate: YoY data was reported at -4.634 % in Mar 2024. This records an increase from the previous number of -10.340 % for Feb 2024. Mexico Unemployment Rate: YoY data is updated monthly, averaging -16.763 % from Jul 2021 (Median) to Mar 2024, with 33 observations. The data reached an all-time high of -4.634 % in Mar 2024 and a record low of -27.243 % in Feb 2023. Mexico Unemployment Rate: YoY data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Mexico – Table MX.IMF.IFS: Labour Force, Employment and Unemployment.

Mexico Unemployment Rate: Trend: Male data was reported at 3.370 % in Mar 2019. This records an increase from the previous number of 3.354 % for Feb 2019. Mexico Unemployment Rate: Trend: Male data is updated monthly, averaging 4.145 % from Jan 2005 (Median) to Mar 2019, with 171 observations. The data reached an all-time high of 5.551 % in Jul 2009 and a record low of 3.034 % in Dec 2005. Mexico Unemployment Rate: Trend: Male data remains active status in CEIC and is reported by National Institute of Statistics and Geography. The data is categorized under Global Database’s Mexico – Table MX.G030: Unemployment Rate: ENOE 2015: Age 15 and Above: Seasonally Adjusted. Since May 2013, Unemployment Rate is not comparable to prior months due to the new population projection data from CONAPO are incorporated.

The number of unemployed persons in Mexico decreased to 1490226 in the first quarter of 2025 from 1567775 in the fourth quarter of 2024. This dataset provides - Mexico Unemployed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Mexico: Unemployment rate for males: The latest value from 2023 is 2.78 percent, a decline from 3.22 percent in 2022. In comparison, the world average is 6.42 percent, based on data from 178 countries. Historically, the average for Mexico from 1991 to 2023 is 3.7 percent. The minimum value, 2.06 percent, was reached in 1999 while the maximum of 6.23 percent was recorded in 1995.

Mexico youth unemployment rate for 2024 was 5.55%, a 0.3% decline from 2023.

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<li>Mexico youth unemployment rate for 2023 was <strong>5.84%</strong>, a <strong>0.62% decline</strong> from 2022.</li>
<li>Mexico youth unemployment rate for 2022 was <strong>6.47%</strong>, a <strong>1.16% decline</strong> from 2021.</li>
<li>Mexico youth unemployment rate for 2021 was <strong>7.63%</strong>, a <strong>0.43% decline</strong> from 2020.</li>
</ul>Youth unemployment refers to the share of the labor force ages 15-24 without work but available for and seeking employment.

Mexico MX: Unemployment Rate data was reported at 3.885 % in 2016. This records a decrease from the previous number of 4.336 % for 2015. Mexico MX: Unemployment Rate data is updated yearly, averaging 3.647 % from Dec 1988 (Median) to 2016, with 25 observations. The data reached an all-time high of 5.374 % in 2009 and a record low of 1.600 % in 2000. Mexico MX: Unemployment Rate data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Mexico – Table MX.IMF.IFS: Labour Force, Employment and Unemployment: Annual.

Mexico Unemployment Rate data was reported at 2.264 % in Mar 2024. This records a decrease from the previous number of 2.428 % for Feb 2024. Mexico Unemployment Rate data is updated monthly, averaging 3.320 % from Jul 2020 (Median) to Mar 2024, with 45 observations. The data reached an all-time high of 5.292 % in Jul 2020 and a record low of 2.264 % in Mar 2024. Mexico Unemployment Rate data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Mexico – Table MX.IMF.IFS: Labour Force, Employment and Unemployment.