Unemployment in Mexico decreases in July, stands at 3.2 percent

In July of this year, the National Occupancy Rate (TD, for its acronym in Spanish) stood at. 3.2 percent, a figure similar to that of the previous month, and lower than that registered in the same month last year, when it was 3.8 percent, According to data adjusted for seasonality, reported the National Institute of Statistics and Geography (INEGI, for its acronym in Spanish).

The agency reported that the Unemployment Rate (TD) refers to the percentage of the Economically Active Population (EAP, for its acronym in Spanish) that did not work even an hour in the reference week of the survey, but expressed its willingness to do so and did some activity.

According to the results of the National Survey of Occupation and Employment (ENOE, for its acronym in Spanish), in the seventh month of this year 59.2 percent of the population aged 15 and over in the country was economically active (it is occupied or Seeks to be), a proportion lower by 0.1 percentage points compared to last June, when it stood at 59.3 percent.

By sex, it said, TD in both men and women decreased to 3.2 percent in July, compared to the previous month, in particular, considering only the group of 32 main urban areas of the country.

On the other hand, it argued that last July the rate of underemployment (referred to the percentage of the employed population that has the need and availability to offer more work time than their current occupation demands) was 6.4 percent lower to 7.9 percent in the same month of 2016.

Regarding the Labor Informality Rate (employed population that is labor-vulnerable because of the nature of its work, whose labor link or dependence is not recognized by its source of work), it indicated that it was 57.1 percent in July of this year, higher than the previous month and without variation with respect to the same month of 2016.

In July of this year, the Employment Rate in the Informal Sector (population occupied in non-agricultural economic units operated without accounting records and operating from the resources of the household or the person who heads the activity without being incorporated as a company) was 26.5 percent, lower than that observed in June when it stood at 26.9 percent.


Puerto Vallarta News

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