Financial News: Mexico Jobless Rate Rises To 2.8%

Mexico Jobless Rate Rises To 2.8%

08/02/2024 - 09:19:00 (RTTNews)

(RTTNews) - Mexico's unemployment rate increased unexpectedly in June to the highest level in five months, data from the National Institute of Statistics and Geography, or INEGI, showed on Friday.

On an unadjusted basis, the jobless rate rose to 2.8 percent in June from 2.6 percent the previous month. Economists had forecast the rate to remain stable at 2.6 percent.

In the corresponding month last year, the jobless rate was 2.7 percent.

There were 1.68 million unemployed people in June, up from 1.59 million in the previous year.

On a seasonally adjusted basis, the jobless rate also increased marginally to 2.7 percent in June from 2.6 percent a month ago.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Singapore Trade Data On Tap For Tuesday (31 min(s), 12 sec(s) ago)
(RTTNews) - Singapore will on Tuesday release August figures for non-oil exports, trade balance an ...Full Story»

New York Manufacturing Index Indicates Significant Turnaround In September (08 hr(s), 50 min(s), 12 sec(s) ago)
(RTTNews) - The Federal Reserve Bank of New York released a report on Monday showing regional manu ...Full Story»

New York Manufacturing Index Unexpectedly Turns Positive In September (09 hr(s), 54 min(s), 12 sec(s) ago)
(RTTNews) - The Federal Reserve Bank of New York released a report on Monday showing regional manu ...Full Story»

Denmark Producer Prices Rise Most In 18 Months (10 hr(s), 27 min(s), 12 sec(s) ago)
(RTTNews) - Denmark's producer prices increased further and at the fastest pace in eighteen mo ...Full Story»

UK House Prices Rise On Bank Of England Rate Cut: Rightmove (11 hr(s), 03 min(s), 12 sec(s) ago)
(RTTNews) - UK house prices increased in September as the traditionally busier Autumn market start ...Full Story»

Czech Producer Price Inflation Eases To 1.1% (11 hr(s), 04 min(s), 12 sec(s) ago)
(RTTNews) - The Czech Republic's industrial producer price inflation eased in August from an 1 ...Full Story»

Eurozone Hourly Labor Cost Growth Slows In Q2 (11 hr(s), 50 min(s), 12 sec(s) ago)
(RTTNews) - Eurozone hourly labor cost growth softened in the second quarter on slower wage growth ...Full Story»

Italy Trade Surplus Grows In July (11 hr(s), 53 min(s), 12 sec(s) ago)
(RTTNews) - Italy's foreign trade surplus increased in July from a year ago as exports grew fa ...Full Story»