Mexico’s unemployment rate decreases all the time

According to the National Statistical Agency, the National Statistical Affairs Agency said that Mexico’s unemployment rate fell by 2.2% at all times in March, but more than half of the country’s workers were in informal sector jobs.

The unemployment rate recorded its lowest dosage from 2.5% in February.

The previous lowest unemployment rate was 2.3% by March 2024. Unemployment did not exceed 3% of the “economically active population” last year.

Gabriela Chiller, director of the Economic Analysis of the Banco site, stressed that the unemployment rate continues to decline in March (which was 2.7% in January), but the quality of work “is not the best.

About 40% of workers earn minimum wage or less, and 30% earn minimum wages (see below).

The number of informal sector jobs – the number of street vendors and many housing workers, for example – is at the “high” level.

Here are the most important results from Inki’s most recent national career and employment survey.

Mexico’s ‘economically active population’

• Mexico’s peas – people looking for work or work – are 61.1 million in March.
• Total peas, 59.7 million people have jobs, and 1.4 million people are looking for work. The 2.2% unemployment rate was obtained from these figures in March.
• The number of people in the job has increased by more than 560,000 compared to February, which is the best result for the creation of work since last July.
• About 59% of men who were employed in March were women and the rest were women.
• In March, about 800,000 men were looking for work, and about 600,000 women were looking for a job. So 57% of Mexico’s job seekers are men, the rest are women.
• Unemployment among women last month was 2.3%, which was slightly higher than 2.2% among men.

The unemployment rate in Mexico fell by 2.20 % in March to 2.50 per cent in February 2025.https://t.co/vnaz7xbivf pic.twitter.com/7lb3hmi0kx

– Business Economics (@teconomics) April 28, 2025

Selection of employment

• In March, about 3.9 million people were unemployed, which was 3.7 million in February.
• Of the 59.7 million people, 6.6% were classified unemployed, which was 6.3% in February and 6.5% a year ago.

54% of workers working in Mexico’s informal field

• The percentage of workers working in Mexico’s vast informal sector fell by 54.4% in March to 54.5% in February.
• Last month, a total of 32.5 million workers were in informal sector jobs. These persons do not pay income tax, and cannot access concessions such as sick wages, health care and pay holidays.
• In March, the percentage of female workers in informal sector work was 54.8%, which was 54.1% for male workers.

Employment through the Department

• Almost half of all workers – 45.4% – worked in the service industry in March. Last month, a total of 27.1 million people were working in the field.
• Less than 20% of workers worked in the “trade” industry, which includes retailers and wholesalers. There are many informal workers, such as street vendors in this field.
• Sixteen percent of all workers worked in Mexico’s manufacturing sector, A export power house.
• Almost 10% of workers worked in the agricultural sector.
• Less than 8% of workers worked in the construction industry.

How much do Mexican workers earn?

• According to Inci data for March, nearly 40% of workers earn minimum wage or less. Mexico’s minimum wage At present, the country has 278.80 pesos (US $ 14.25) per day or 8,364 pesos per month (US $ 427).
• Almost 30% of workers earn 1-2 minimum wages (US $ 427- 4 854 per month).
• More than 6% of workers earn 2-3 minimum wages ($ 854- 28 1,281 per month).
• More than 2% of workers earn 3-5 minimum wages (28 1,281- $ 2,135 per month).
• Workers earn only 1% of only 5 minimum wages (more than 1 2,135 per month)
• Injee states that nearly 17% of workers’ salary is not “mentioned, while about 4% of work is not paid for their jobs.

With reports from Economist And Efe