The unemployment rate in Mexico stands at 2.9% during May

The unemployed population was 1.8 million people and the unemployment rate was 2.9%. Compared to May 2022, the unemployed population decreased by 173,000 and the unemployment rate was lower by 0.3 percentage points.

The service sector concentrated 25.3 million people employed during May, which is equivalent to 43.3% of the total; commerce 11.7 million (20%) and the manufacturing industry, 9.6 million (16.4%).

The sector with the greatest annual increase was professional, financial and corporate services, with 431,000 more employed people, and commerce, with a growth of 381,000 more people.

Labor informality rate

In May 2023, the employed population in the labor informality was 32.1 million people and the Labor Informality Rate was 55.2% of the employed population, 0.4 percentage points less than in the fifth month of 2022.