Overview
- The president posted a graphic placing Mexico at 2.7% unemployment, behind Japan and ahead of Germany, the Netherlands and Australia.
- INEGI reported the employed population fell by about 1.05 million in November to 59.8 million.
- The unemployed rose by 6,000 to 1.64 million, and the Economically Active Population declined to 61.5 million.
- The drop was driven by a loss of roughly 1.1 million informal jobs, partly offset by a 46,000 increase in formal employment.
- Analysts, including Jonathan Heath, argue the central problems are precarious work and low wages rather than the headline unemployment rate.