Mexico's unemployment rate rises to 3% in January

ISTANBUL

Mexico's unemployment rate increased to 3% in January, according to data from the country’s statistical institute.

The rate is lower than the market estimate of 3.1% while it is an increase from 2.8% in December.

The economically active population was 60.2 million people in January, which was 2.5 million more than the same month of the previous year, according to the National Institute of Statistics and Geography (INEGI) figures on Thursday.

In January, a total of 58.4 million people, or 97%, were employed among the economically active population. This was 2.8 million more compared to the same month in 2022.

The unemployed population was 1.8 million people in January, the figures showed.

In January 2023, at a monthly rate and with seasonally adjusted figures, the unemployment rate decreased 0.1% to 2.9%, according to INEGI.