Macro Analysis /
Global

Mexico: Job gains continue in June, with mounting uncertainty ahead

  • The unemployment rate stood at 4.02% (nsa), with an uptick in the labor force and total unemployed people

  • Employment rose by 176.6k positions, with only 670.4k jobs to be recovered relative to Feb-20, positive at the margin

  • Given worsening virus conditions, there is uncertainty about short-term dynamics. However, we expect gains afterwards

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
26 July 2021
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