Puerto Vallarta News
Puerto Vallarta News

The most local news coverage in Puerto Vallarta

Mexico among lowest in unemployment

At the close of 2015, the unemployment rate in Mexico was 4.4%, the fourth lowest among the countries of the Organization for Economic Co-operation and Development (OECD), only behind Korea, Japan and Iceland.

According to the international organization, with this result the unemployment rate dropped to a six-year low, from a level of 5.47% in 2009, and was below the OECD average in 2015, 6.8 percent.

According to the report, in 2015 the unemployment rate was 8.7 percent among Mexican youth (15 to 24) and 3.4% for those over 25, while the unemployment rate for women was 4.5% and 4.2% for men.

For all 34 OECD countries, the unemployment rate at the end of 2015 fell to 6.8% from 7.4% in 2014, the second year of declined unemployment.

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