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LatinNews Daily - 27 August 2021

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In brief: Mexico’s unemployment rate decreases

* Mexico’s national statistics institute (Inegi) has released the results from its latest national employment survey (Enoe) which show that the unemployment rate reached 4.4% in July, corresponding to 2.6m people being unemployed. This is a 0.1 percentage point increase on the previous month and a one percentage point drop on July 2020 when unemployment stood at 5.4% amid stronger impacts from the coronavirus (Covid-19) pandemic. The Enoe also shows that Mexico’s economically active population - people over the age of 15 who are employed or seeking employment - has grown by 6.6m compared with July 2020 and totalled 59m in June this year, equivalent to 59.9% of the overall population aged 15 and over. Meanwhile, the underemployment rate fell to 13.2% in July from 18.3% in July 2020.