Macro Analysis /
Global

Mexico: Strong job gains in July, with people back to the labor force

  • The unemployment rate rose to 4.38% nsa, skewed-up by seasonal trends. Participation and part-time rates were higher

  • Jobs created were high at 1.3 million, with an increase in the labor force likely related to students finishing school

  • We see the report as very positive. Nevertheless, COVID-19 dynamics are still an important risk going forward

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 August 2021
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