Mexico Jobless Rate Holds Steady

Mexico’s unemployment rate stood at 2.9% in July 2026, unchanged from June and remaining at its highest level since September 2025, while falling short of expectations for an increase to 3%. The number of unemployed remained at 1.8 million. Unemployment edged up among women (3.1% vs 3%) but declined among men (2.7% vs 2.8%). Among the unemployed, 89.3% had higher levels of education, while 10.7% had not completed secondary education. By age, the largest share of unemployed people was among those aged 25–44 (46.9%), followed by the 15–24 group (33.8%). The employment rate remained unchanged at 91.7%, while the number of employed people edged up to 60.8 million. Employment was concentrated in commerce (19.6%), manufacturing (15.9%), agriculture (10.6%) and construction (8.7%). Meanwhile, the labor force declined to 62.6 million, while the activity rate edged up to 59.2%.






