Macro Analysis /
Global

Mexico: Weakness in the labor market in August despite a lower unemployment rate

  • The unemployment rate in August fell to 4.33% from 4.38% (nsa), with a loss of 740.7 thousand jobs

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

  • Going forward, risks of a greater slowdown have increased due to the moderation in economic activity

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
28 September 2021
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