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Financial News: MEXICO: Jobless Rate Falls To 3.3% In February

MEXICO: Jobless Rate Falls To 3.3% In February From January

03/27/2018 - 14:19:00 (RTTNews)

(RTTNews) - Mexico's unemployment rate slightly decreased to 3.3% of the economically active population in February, from 3.4% in the previous two months, according to the country's statistical agency.

Meanwhile, the rate fell by 0.2 pp compared to the same month of 2017, keeping with the deceleration process observed in the last few months.

Mexico's unemployment rate refers to the labor force percentage that worked less than an hour during the survey reference period, but expressed willingness to do so and tried to find a job.

Meanwhile, the labor force participation rate fell to 59.3% in February, decreasing by 0.2 pp from a month before.

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