Macro Analysis /
Global

Mexico: Important labor market recovery in October

  • The unemployment rate fell to 3.95% (nsa) from 4.18%. Moreover, 1.3 million jobs were created in October

  • Other indicators also improved, suggesting that the rebound was wide with favorable results

  • We still expect better labor market figures in coming months despite lingering risks, with the pandemic among them

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
29 November 2021
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