The unemployment rate in Mexico was located last April at 2.8% of the economically active population (PEA)which implies a year-on-year decrease, but a monthly increase, reported this Friday the National Institute of Statistics and Geography (Inegi).
The data is higher than the 2.4% index of last Marchalthough it is less than the 3% of the fourth month of 2022, the autonomous body specified in its report.
The unemployed population was 1.7 million people and the unemployment rate (TD) was 2.8% of the EAP. Compared to April 2022, the unemployed population decreased by 93,000 people and the TD was lower by 0.2 percentage points”, detailed the Inegi.
It might interest you: Grupo México agrees with the government to deliver 3 railway sections
The EAP for the fourth month of the year was 60.6 million people aged 15 and overwhich represented a participation rate of 60.4% and an active population 1.1 million higher than that of April 2023.
Of the EAP, 58.9 million people were employed during April, 1.2 million more than in the same month a year earlier.
Underemployed people, that is, those who declared having the need and availability to work more hours, were 4.9 million, 8.4% of the employed population and a reduction of 257,000 people in relation to April 2022.
By sectors and informality
Workers in the informal sector in April totaled 32.2 millionwhich lowered the informality rate to 54.7%, some 0.8 percentage points less than a year earlier.
The employed population by activity sector was distributed with 43.7% of the total in services, 19.6% in commerce, 16.3% in manufacturing, 11.8% in agricultural activities and 7.4% in construction.
While in “other economic activities”, which include mining, electricity, water and gas supply, 0.7% was employed, and another 0.6% did not specify activity.
By gender, the female EAP in April was 24.63 million and the male 35.98 million, with an economic participation rate of 46.3% in women of working age and 76.1% in men.
The employment figures reflect the behavior of the Mexican economy, whose gross domestic product (GDP) grew by 3.7% year-on-year and 1% quarterly in the first quarter of 2023, according to the final figures that Inegi released last week.
The last:
EFE International news agency based in Madrid and present in more than 110 countries.