The unemployment rate of Mexico fell to 3.7% in November, the lowest figure since March 2020, according to data released this Thursday by the National Institute of Statistic and Geography (Inegi).
It also represents a decrease of 0.7 percentage points with respect to the 4.4% rate registered in November last year, the institution said in a statement.
“The unemployed population was established at 2.1 million people and implied a rate of 3.7%” of the Economically active population (PEA), added Inegi.
Compared to November 2020, the unemployed population fell by 252,000 people, he said.
The EAP, which brings together the entire population over 15 years of age who is willing to work, reached 58.6 million people, which represents a participation rate of 59.6% and an increase of 3.5 million people compared to November of last year, he explained. the Inegi.
It also reported that the employed population in November totaled 56.5 million people, a figure 3.7 million higher than that of the same month of 2020.
Within the PEA, the underemployed population, that is to say, that declares having the need and availability to work more hours, was 5.9 million people, 2.4 million less than in November of last year.
The mexican economy, the second largest of Latin America after Brazil, would grow 5.4% this year, according to the most recent forecast of the autonomous Bank of Mexico, which lowered its previous estimate of 6.2% after the contraction in the START in the third trimester.
Despite this, the government of Andrés Manuel López Obrador maintains its forecast of a 6% rebound this year.
This growth is mainly explained by a rebound in activity after the historic drop of 8.5% experienced in 2020, dragged down by the effects of the Covid-19 pandemic.
Reference-www.eleconomista.com.mx