Macro Analysis /
Global

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

Banorte
25 October 2021
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