EconomyUnemployment rate rises in August

Unemployment rate rises in August

The unemployment rate stood at 3.3% during August, 0.1 percentage points more than the previous month, according to seasonally adjusted figures from the National Institute of Statistics and Geography (Inegi).

This means that of the 59.7 million people who sought employment in the country, at least 2.1 million could not find it.

According to original figures from Inegi, the unemployment rate was 3.5% of the Economically Active Population, which implies a reduction of 0.8 percentage points compared to the same month in 2021.

Close to 67.6% of employed persons operated as subordinate or paid workers, occupying a position or job, 22.9% worked independently or on their own, without having employees. Another 4.9% were employers. Finally, 2.6 million people (4.6% of the total) worked in businesses or family plots.

On the other hand, in August, the underemployment rate was 7.9% of the employed population, a percentage lower than the 13% in August 2021. This indicator refers to the population that obtained a job but declared the need and availability for work more hours.

Finally, the population employed in labor informality was 31.9 million people, to reach an informality rate of 55.5% of the employed population, a reduction of 0.9 percentage points compared to August 2021.

This informality indicator includes people who work in unregistered micro-businesses or the informal sector, but also self-employed workers and those who work without social security in duly registered companies.

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