Weekly Report - 25 September 2014 (WR-14-38)

MEXICO | Unemployment remains low. On 22 September Mexico’s national statistics institute (Inegi) released its latest unemployment figures showing that the national unemployment rate in August was 5.17%, virtually unchanged from the 5.18% registered during the same month last year. The result is positive given that Mexico’s economic growth so far this year has been lower than initially expected on the back of weaker-than-expected domestic demand. In fact, Inegi’s seasonally adjusted figures show that the unemployment rate actually fell to 4.87% in August compared to the 5.16% observed in July. This has led some analysts to suggest that the domestic labour market is now starting to create more jobs, which could be a sign that a much-anticipated economic recovery is now underway.

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