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Mexico’s Jobless Rate Edges to 2.7% as Informality Reaches 54.8%

INEGI’s Q2 survey points to deteriorating job quality with more entrants landing outside formal payrolls.

Overview

  • Mexico’s economically active population rose to 61.1 million after a quarterly inflow of about 573,770 people, leaving 1.6 million unemployed.
  • Overall employment increased, yet INEGI reports a loss of roughly 106,598 formal jobs alongside the creation of about 546,349 informal positions.
  • Underemployment climbed to 7.2%—around 4.3 million people—while workers without fixed income rose by 203,653 and those without health coverage by 386,925.
  • Labor poverty reached 35.1% in Q2 and increased in 22 states, with the highest levels in Chiapas, Oaxaca and Guerrero and the lowest in Baja California Sur, Quintana Roo and Baja California.
  • State jobless rates were highest in Tabasco (4.4%), Mexico City (4.0%) and Coahuila (3.8%), with hiring concentrated in services and declines in construction and manufacturing.