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In October, the national unemployment rate was 9.7%. Employment growth showed a slowdown with respect to the growth rate observed in previous months. The commerce, artistic activities and public administration sectors were the most involved in job creation.

In September 2022, the national and urban unemployment rate were 10.7% and 10.4%, respectively, lower than in September last year, especially in urban areas. Compared to August, the unemployment rate, adjusted for seasonal factors, increased by 0.4 p. p. at the national level and decreased by 0.3 p.p. at the urban level.

In August of this year, the national unemployment rate was 10.6% and the urban unemployment rate was 10.8%. In seasonally adjusted terms, compared to the previous month, the unemployment rate remained relatively stable at the national and urban…

In June 2022, the national and urban unemployment rates were 11.3% and 11.7%, respectively. The seasonally adjusted comparison with respect to the previous month shows an increase in both rates. Job creation slowed and the population outside th…

Even though there is a risk of a recession induced by the Fed given the fast increment in the federal funds rate that could raise it to 4.0% by the end of the first quarter of 2023, we shall recognize that the highest risk for the US and the gl…

Since the decade of the 1970s a strong surge in US inflation had not been seen. Even though there are some similarities between those years and nowadays like the higher inflation of food and energy, the Fed back then was not truly independent and used to favor employment expansion at the expense of inflation.

The growth of employment, and consequently the low levels of unemployment, have made it possible to increase the total wage bill, which is currently 3.0% above the pre-pandemic level; however, this gain has been due to the generation of low-paid jobs and the loss of employment of more than 2 Minimum Wages (MW)

In April, the national unemployment rate was 11.2%, 4.3 p.p. lower than a year ago, in the same month and the urban rate was 11.1%, 6.4 p.p. lower than a year ago. Between March and April 2022, the seasonally adjusted unemployment rate decrease…

The generation of low-paid jobs characterizes the recovery of the labor market. Despite the high inflation levels, real wages and the wage bill maintain positive growth. We expect formal employment to continue posting favorable year-on-year gro…

DANE changed methodology and sample base to calculate labor market figures. The new figures show employment growing until February 2022, from the end of 2021. In March, employment decreased. The March unemployment rate was 12.1% nationwide, 2.6…

At the beginning of the pandemic, the jobs of Mexican migrants in the US contracted by 20%, but they are already 3.2% above pre-pandemic levels. However, the labor participation rate is at 66%, lower than pre-pandemic levels (68%); and the unemployment rate at 4.3%, above the average in 2019 (3.5%).

The surprising growth of remittances to Mexico during 2020 and 2021 is not particular to the country, but is common among many LAC countries. In 2021, remittances to Guatemala increased 34.9%, higher than the increase in Mexico (+27.1%), El Salvador (+26.8%), Dominican Rep. (+26.6%), Colombia (24.4%) and Jamaica (20.4%).