Macro Analysis /
Mexico

Employment figures show the strong impact from COVID-19

    Juan Carlos Alderete Macal
    Juan Carlos Alderete Macal

    Director of Economic Research

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    Francisco Jose Flores Serrano
    Francisco Jose Flores Serrano

    Senior Economist, Mexico

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    Banorte
    1 June 2020
    Published byBanorte
    Unemployment rate (April; nsa): 4.7%; previous: 2.9%. Part-time workers: 25.4% (previous: 9.1%); Participation rate: 47.5% (previous: 59.8%).