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LatinNews Daily - 06 August 2020

In brief: Unemployment rate rises in Mexico

* Mexico’s national statistics institute (Inegi) has announced that the unemployment rate in Mexico rose to 5.5% in June, up from 4.2% in May and from the 3.6% observed in June 2019. This meant that 2.8m economically active people were out of work in June, an increase of 901,000 from the previous month. However, Inegi added that 48.3m economically active people were currently in work, an increase of 4.8m compared with the previous month. Unemployment has been rising as a result of the fall in economic activity due to the coronavirus (Covid-19) pandemic, which has led to the loss of thousands of jobs. But Inegi notes that following the lifting of some of the Covid-19 containment measures, economic activity began picking up in June and this has allowed some people to return to work. 

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