04/23/2014
MEXICO CITY – Mexico’s unemployment rate rose to 4.8 percent in March, the National Institute of Statistics and Geography (INEGI) said on Tuesday.
The unemployment rate stood at 4.51 percent in March 2013, the INEGI said.
The unemployment rate last month was 5.25 percent, without adjusting for seasonal factors, well above the 4.81 percent rate registered in the previous month.
The unemployment rate for males was 4.66 percent in March, compared to the 4.46 percent rate registered in March 2013, while the unemployment rate for females was 5.01 percent, well above the 4.6 percent reported in the year-earlier period.
The underemployment rate – defined as workers who wish to and are willing to work more hours but are unable to do so – was 8.3 percent in March, up from the 7.8 percent rate registered in the same month last year, the INEGI said.
The statistics agency, which considers a worker to be employed if they are older than 14 and work at least six hours a week in any job, said the labor force participation rate was 95.2 percent in March.
Some 58.42 percent of Mexico’s workers were employed in the informal sector of the economy last month, a figure that was above the 58.03 percent level registered in March 2013, the INEGI said.
About 42.3 percent of workers were employed in the service sector, while 19.5 percent were employed in retailing, 16.3 percent worked in manufacturing and 13 percent worked in agriculture.
Some 7.3 percent of workers were employed in construction and 1 percent worked in other sectors, such as mining, electric utilities and water and gas distribution, while 0.60 percent were employed in unspecified occupations.
Mexico’s economy grew 1.1 percent in 2013, compared to the previous year, and the government is forecasting economic growth of 3.9 percent this year.
source
The unemployment rate stood at 4.51 percent in March 2013, the INEGI said.
The unemployment rate last month was 5.25 percent, without adjusting for seasonal factors, well above the 4.81 percent rate registered in the previous month.
The unemployment rate for males was 4.66 percent in March, compared to the 4.46 percent rate registered in March 2013, while the unemployment rate for females was 5.01 percent, well above the 4.6 percent reported in the year-earlier period.
The underemployment rate – defined as workers who wish to and are willing to work more hours but are unable to do so – was 8.3 percent in March, up from the 7.8 percent rate registered in the same month last year, the INEGI said.
The statistics agency, which considers a worker to be employed if they are older than 14 and work at least six hours a week in any job, said the labor force participation rate was 95.2 percent in March.
Some 58.42 percent of Mexico’s workers were employed in the informal sector of the economy last month, a figure that was above the 58.03 percent level registered in March 2013, the INEGI said.
About 42.3 percent of workers were employed in the service sector, while 19.5 percent were employed in retailing, 16.3 percent worked in manufacturing and 13 percent worked in agriculture.
Some 7.3 percent of workers were employed in construction and 1 percent worked in other sectors, such as mining, electric utilities and water and gas distribution, while 0.60 percent were employed in unspecified occupations.
Mexico’s economy grew 1.1 percent in 2013, compared to the previous year, and the government is forecasting economic growth of 3.9 percent this year.
source
No comments:
Post a Comment