Unemployment in Mexico, the lowest in 9 years

At the end of 2018, the average unemployment rate in Mexico was 3.3 percent; the fourth lowest in the countries of the Organization for Economic Cooperation and Development (OECD), only behind the Czech Republic, Japan, and Iceland.

Mexico is the fourth in the OECD with the lowest unemployment rate; in 2005 it was 5.48 percent; the average of the organization is 5.3 percent
Mexico is the fourth in the OECD with the lowest unemployment rate; in 2005 it was 5.48 percent; the average of the organization is 5.3 percent

According to data from the international organization, with this result, the unemployment rate in Mexico was nine years down, from a level of 5.48 percent in 2009 and below the OECD average during 2018, of 5.3 percent.

That is, the lowest unemployment rates at the end of 2018 were the Czech Republic, with 2.3 percent; Japan, with 2.4 percent; Iceland, with 2.7 percent; Mexico, with 3.3 percent and Germany, with 3.4 percent.

In his monthly report, he says that at the end of last year there were one million, 850 thousand unemployed people; figure that means four thousand people less, compared to the million 854 thousand unemployed at the end of 2017. It specifies that in 2018 the unemployment rate among Mexican youth (aged 15 to 24 years) was 6.9 percent and 2.6 percent between those over 25 years and over, while the unemployment rate among women was 3.5 percent and 3.2 percent for men.

The unemployment rate of the OECD remained stable in December 2018, for the third consecutive month. With 5.2 percent, this level is three percentage points below the January 2013 high.

Internationally, 33.4 million people were unemployed; that is, the unemployment rate also remained stable in the euro area in December, with 7.9 percent.

Between December 2017 and December 2018, the unemployment rate decreased by 0.3 percentage points in the OECD and by 0.7 percentage points in the euro area.

Likewise, the greatest year-on-year falls (one percentage point or more) in the OECD countries were recorded in Greece (between November 2017 and November 2018, the last available month), Spain, Finland, the Slovak Republic, Portugal, and Latvia. On the other hand, the unemployment rate increased year-on-year by 1.3 percentage points in Turkey (between October 2017 and October 2018) and less significantly in Chile (between November 2017 and November 2018), Israel, Mexico, and Korea.

In addition, the unemployment rate of the OECD for young people (people aged 15 to 24), with 11.2 percent in December, showed an increase of 0.2 percentage points over the previous month and a decrease of 0.2 percentage points compared to the previous year. last year.

In Japan, the unemployment rate decreased by 0.1 percentage points, while it remained stable in Canada (5.6 percent) and Korea (3.8 percent). The unemployment rate increased by 0.2 percentage points in Israel (to 4.3 percent) and in the United States (to 3.9 percent).

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