MEXICAN UNEMPLOYMENT RATE
CURRENCY: MXN
IMPACT: MEDIUM IMPACT
ACTUAL<FORECAST: GOOD FOR CURRENCY
FORECAST: 4.8%
PREVIOUS: 5.1%
This is medium impact news. The forecast and previous released earlier, where as the actual release sometime afterwards. Due to the actual release, if the actual less than forecast means the result is positive, while the actual greater than forecast means the result is negative. Last month actual is this month previous. The actual greater than forecast means the market rate is up and the actual less than forecast means, the market rate is down. If the market rate is up it is good for economic health, where as the market rate is down it is not good for economic health.
In Mexico the unemployment rate measures the number of people actively looking for a job as a percentage of the labor force.
Unemployed is generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions.
Mexico unemployment rate was recorded at 5.01 in September of 2012.Historically from 2000 until 2012; Mexico unemployment rate averaged 3.67 percent reaching in all time high of 5.93% in May of 2009 and record low of 2.22% in November of 2002.
The unemployment rate can be defined as the number of people actively looking ffor a job as a percentage of the Labor force. This page includes a chart with historical data for Mexico unemployment rate.
