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LatinNews Daily - 27 October 2021

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In brief: Mexico’s unemployment declines

* Mexico’s national statistics institute (Inegi) has released the results from its latest national employment survey (Enoe) which show that the unemployment rate reached 4.2% in September, corresponding to 2.4m people being unemployed. This is down from 4.3% in August and a 0.9 percentage point decrease on September 2020, when there were 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 3.29m compared with September 2020 and totalled 57.5m in September this year, equivalent to 58.4% of the overall population aged 15 and over. Meanwhile, the underemployment rate fell to 12.3% in September from 15.6% in September 2020.