GITNUX MARKETDATA REPORT 2024

Must-Know Mexican Employment Statistics [Current Data]

In this post, we will explore the latest Mexican employment statistics from 2018 to 2023, shedding light on key trends such as the employment rate consistently above 97%, average wages, unemployment figures, and comparisons with the United States. Let’s dive into the data to understand the dynamics of the Mexican labor market in recent years.

Statistic 1

"Mexican employment rate has been maintained above 97% from 2018 to 2021, with a low of 94.5% in 2020."

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Statistic 2

"Mexico ranked 4th in Latin America for average monthly wages in 2022, with an average of 365 USD."

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Statistic 3

"Mexican employment rate has been maintained above 97% from 2018 to 2021, with a low of 94.5% in 2020."

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Statistic 4

"Mexico and the United States had an employment rate of 97% or higher as of January 2023."

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Statistic 5

"Mexico had 1,796,103 unemployed people in 2023."

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Statistic 6

"Mexico had fewer unemployed people than the United States in 2023."

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Statistic 7

"Mexican Americans had the highest employment rate in 2021 with 61.2%, followed by Hispanics/Latinos with 61.1%."

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Statistic 8

"The median annual personal wages for Hispanics of Mexican origin in the United States was 25,000 USD in 2017."

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Statistic 9

"Mexico ranked 4th in Latin America for average monthly wages in 2022, with an average of 365 USD."

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Statistic 10

"Services has been the largest employer in Mexico from 2009 to 2019, while Agriculture has had the lowest percentage of the workforce."

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Overall, the Mexican employment statistics reveal a consistent high employment rate above 97% from 2018 to 2021, with a notable dip in 2020. Despite this, Mexico still ranked 4th in Latin America for average monthly wages in 2022, with an average of 365 USD, showcasing relative economic stability. Moreover, Mexico and the United States both boasted an employment rate of 97% or higher as of January 2023, with Mexico having fewer unemployed individuals compared to its northern neighbor. The data also highlights the dominance of the services sector as the largest employer in Mexico, indicating the shifting landscape of the country’s workforce over the past decade.

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