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Mexico Annual Unemployment Rate

Mexico's annual unemployment rate fell to 2.71% in 2024, down from 2.77% in 2023, according to World Bank. This represents a decrease of 0.06% from the previous year. Mexico has annual unemployment rate lower than the global median (2.71% vs median 5.23%). Compared with the median in Americas, Mexico is lower (2.71% vs regional median 6.45%) and ranks 31st out of 33 countries in Americas.

Yearly Historical Data (1991-2024)

(in %)
Year Annual Unemployment Rate (%)
2024 2.71%
2023 2.77%
2022 3.26%
2021 4.02%
2020 4.44%
2019 3.48%
2018 3.28%
2017 3.42%
2016 3.85%
2015 4.31%
2014 4.82%
2013 4.92%
2012 4.89%
2011 5.18%
2010 5.3%
2009 5.36%
2008 3.87%
2007 3.63%
2006 3.57%
2005 3.56%
2004 3.94%
2003 3.46%
2002 3%
2001 2.63%
2000 2.65%
1999 2.6%
1998 3.73%
1997 4.24%
1996 5.46%
1995 7.1%
1994 4.44%
1993 3.37%
1992 3.23%
1991 3.14%
Mexico Annual Unemployment Rate : Definition
Annual Unemployment Rate measures the percentage of Mexico's labor force that is looking for work but does not have a job.
Indicator Last Value Prior Value Period
Female Labor Force Rate 47.36% 47.32% 2024
Unemployment Rate 2.9% 2.8% Aug'25