Mexico Unemployment Rate

## What this measures

The share of Mexico's labour force without a job and looking for one, from the National Occupation and Employment Survey (ENOE).

## Why it matters

It is Mexico's headline labour-market number.

## How to read it

It runs low (it peaked at 5.9% in 2020 and has been under 3% recently) because many Mexicans work informally rather than stay unemployed; read changes, not the level, and do not compare the level directly with Canada or the U.S.

## What it does not say

It does not capture informality or underemployment, which matter more in Mexico.

## Source

Fuente: INEGI, Encuesta Nacional de Ocupación y Empleo (ENOE), tasa de desocupación, serie desestacionalizada, indicator 444884 (Banco de Información Económica, via the INEGI Indicadores API). Palanor reads it every day.

Used under INEGI's Términos de libre uso de la información. Any calculation shown alongside it is Palanor's, not INEGI's, and does not represent an official INEGI position.