Macro Analysis /

Mexico – Positive results for jobs in June, although still with room to recover

  • The unemployment rate rose to 3.35% (nsa, previous 3.27%) in June. With sa figures, the rate came in at 3.33% (-3bps)

  • Jobs rose by 281.0k, centered in the informal sector. Wages fell marginally to $48.71 (+4.1% y/y)

  • While downside risks prevail in the short-term, we still expect a positive trend for the rest of the year

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

28 July 2022
Published byBanorte


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