The unemployment rate in Mexico was located last April at 2.8% of the economically active population (EAP), which implies a year-on-year decrease, but a monthly increase, The National Institute of Statistics and Geography (Inegi) reported this Friday.
The data is higher than the 2.4% index of last Marchalthough it is less than the 3% of the fourth month of 2022, the autonomous body specified in its report.
“The unemployed population was 1.7 million people and the unemployment rate (TD) was 2.8% of the EAP. Compared to April 2022, the unemployed population fell by 93 thousand people and the TD was lower by 0.2 percentage points” , detailed the Inegi.
The EAP for the fourth month of the year was 60.6 million people aged 15 and over, which represented a participation rate of 60.4% and an active population 1.1 million higher than that of April 2023.
Of the EAP, 58.9 million people were employed during April1.2 million more than in the same month a year earlier.
Underemployed people, that is, those who declared having the need and availability to work more hours, were 4.9 million, 8.4% of the employed population and a reduction of 257 thousand people in relation to April 2022.
BY SECTORS AND INFORMALITY
Workers in the informal sector in April totaled 32.2 million, which lowered the informality rate to 54.7%, about 0.8 percentage points less than a year earlier.
The employed population by activity sector was distributed with 43.7% of the total in services, 19.6% in commerce, 16.3% in manufacturing, 11.8% in agricultural activities and 7.4% in construction.
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While in “other economic activities”, which include mining, electricity, water and gas supply, 0.7% was employed, and another 0.6% did not specify activity.
By gender, the female EAP in April was 24.63 million and the male 35.98 millionwith an economic participation rate of 46.3% for women of working age and 76.1% for men.
The employment figures reflect the behavior of the Mexican economy, whose gross domestic product (GDP) grew by 3.7% year-on-year and 1% quarterly in the first quarter of 2023, according to the final figures that the Inegi released last week.
JM
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