Mexico Metropolis. On the finish of March 2024, Mexico had the bottom unemployment price among the many member international locations of the Group for Financial Cooperation and Growth (OECD), with 2.6 p.c, much like that of Japan, and decrease than that of Korea , 2.8 p.c.
Based on the report Labour Market State of affairs, Mexico was positioned on the prime of the group’s desk for the second consecutive studying, since in February it was additionally on the rostrum.
Based on the measurement made by the Nationwide Institute of Statistics and Geography (Inegi), the unemployment price in Mexico was 2.3 p.c in March, and with this it established a brand new historic minimal, in line with the Nationwide Survey of Occupation and Employment (ENOE), ready by Inegi itself.
The OECD report – made up of 38 international locations – exhibits that the unemployment price in Mexico was at minimal ranges, whereas within the group of countries that make up that group there was a rise within the variety of unemployed, primarily on account of a better unemployment of girls.
Marginal decline in informality
On the finish of the primary quarter of 2024, virtually 100 thousand folks left the unemployed inhabitants in Mexico; This allowed the speed to be diminished for the second consecutive month. Thus far this yr, unemployment has decreased 0.6 share factors.
With the habits of March, unemployment in Mexico has gathered 17 months with a degree of lower than 3 p.c, with figures adjusted for seasonality.
Likewise, the informality price had a slight month-to-month lower from 54.5 to 54.3 p.c of the employed inhabitants, regardless of this, the extent stays barely above what was noticed firstly of the yr (54.1 p.c). That’s, greater than half of the employed inhabitants in Mexico works informally.
Subordinate and paid employment in Mexico that was created in March with minimal authorized advantages grew by a million folks in comparison with the identical month in 2023, Inegi figures revealed.
Within the March ENOE, Inegi estimated that subordinate and paid employees with entry to well being establishments elevated by 730,190 folks, whereas these with out entry added 215,000. Thus, by the third month of 2024, a inhabitants of 23.6 million folks with entry to well being establishments and 17.6 million with out entry was reached.
Information from Labour Market State of affairs of the OECD confirmed that the bottom degree that Mexico has had was 2.3 p.c and was achieved in August 2001.
The OECD unemployment price remained steady at 4.9 p.c in March 2024, down from 5 p.c for the previous two years. In March, 15 OECD international locations recorded a price lower than or equal to five p.c, together with Germany, Japan, Mexico and the US.
The indicator remained unchanged in 22 OECD international locations, elevated in eight and decreased in two. 9 OECD nations recorded a price greater than 2.5 factors above their historic low, with the biggest gaps noticed in Denmark, Estonia, Luxembourg and Spain.
The variety of unemployed within the OECD rose to 34.2 million (from 33.9 million in February), pushed primarily by a rise within the variety of unemployed ladies.
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– 2024-05-23 10:36:23
