Macro Analysis /

Mexico: Labor market weakness extends through September

  • The unemployment rate fell to 4.19% in September from 4.43% (nsa), with a loss of 544.4 thousand jobs

  • Other indicators were mixed, with the participation and part-time rates lower, while informality declined

  • We expect the labor market to recover in coming months, supported by a more favorable backdrop

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

25 October 2021
Published by