Labor informality and unemployment are reduced in the first quarter of 2024

Within labor informality, Inegi considers: unprotected work in agricultural activity, unprotected paid domestic service, as well as subordinate workers who, although they work for formal economic units, do so without social security.

The people who are under one of these modalities total 32.1 million.

By state, in the first quarter of 2024, the highest rates of informality were reported in Oaxaca (81.1%), Guerrero (78.6%), and Chiapas and Hidalgo (70.9%).

While the lowest rates were recorded in Coahuila de Zaragoza (33.8%), Chihuahua (34.5%), Nuevo León (36%) and Baja California (37.4%).

In the first quarter of 2024, the unemployed population in the country was 1.5 million people and the unemployment rate was 2.5% of the economically active population (EAP), lower than the 2.7% in the same period of 2023.

The Inegi highlights that unemployed men totaled 874,000, a decrease of 63,000 compared to the first quarter of 2023, and women were 668,000, an increase of 8,000.

The male and female unemployment rate, in the first quarter of 2024, was 2.4 and 2.7%, respectively.

Among unemployed people, 44.4% looked for work for up to one month, 36.3% registered a duration of unemployment of more than one month to three months and 14.3%, for more than three months.

In the first three months of 2024, the country’s EAP was 60.7 million people, 574,000 more than in the first quarter of 2023. This represented 60% of the population aged 15 years and over.