FX.co ★ Mexico Unemployment Rate Edges Higher as Expected

Mexico's unemployment rate was recorded at 2.7% in November 2025, a slight increase from 2.6% during the same period the previous year, aligning with market predictions. The unemployment figure rose by 11,000 individuals compared to last year, totaling 1.64 million. Concurrently, the number of employed individuals decreased by 163,000, bringing the total employed to 59.84 million. This trend highlights a moderate downturn in the labor market, likely influenced by the sustained period of high real interest rates imposed by the Bank of Mexico. Consequently, the labor force participation rate edged down by 1 percentage point to 59%.