Unemployment Rate: Mexico
Mexico's unemployment rate is currently 3.1% as of 2026. # Mexico Unemployment Rate Mexico's unemployment rate stands at 3.
Current (2026)
3.1%
+6.9% y/y
Peak (1995)
6.2%
Low (1981)
0.9%
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Unemployment Rate — Mexico
1980 — 2026
Unemployment Rate — Mexico
Analysis# Mexico Unemployment Rate
Mexico's unemployment rate stands at 3.1% in 2026, reflecting a relatively tight labor market. This figure sits well below the nation's all-time peak of 6.2% recorded in 1995, yet remains elevated compared to the historic low of 0.9% in 1981. Since 1980, Mexico's unemployment has climbed 158.3% overall, indicating structural labor market changes across four decades despite current stabilization.
The 2020 pandemic spike to 4.4% marked a significant disruption, followed by a steady recovery through 2023, when unemployment fell to 2.8%—the lowest point in the recent trend. The subsequent slight uptick to 3.1% by 2026 suggests the labor market has reached an equilibrium around 3%, with projections indicating stabilization rather than dramatic movement in the near term.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 3.0% | +0.00% |
| 2029 | 3.0% | +0.00% |
| 2028 | 3.0% | +0.00% |
| 2027 | 3.0% | -3.23% |
| 2026 | 3.1% | +6.90% |
| 2025 | 2.9% | +7.41% |
| 2024 | 2.7% | -3.57% |
| 2023 | 2.8% | -15.15% |
| 2022 | 3.3% | -19.51% |
| 2021 | 4.1% | -6.82% |
| 2020 | 4.4% | +25.71% |
| 2019 | 3.5% | +6.06% |
| 2018 | 3.3% | -2.94% |
| 2017 | 3.4% | -12.82% |
| 2016 | 3.9% | -9.30% |
| 2015 | 4.3% | -10.42% |
| 2014 | 4.8% | -2.04% |
| 2013 | 4.9% | +0.00% |
| 2012 | 4.9% | -5.77% |
| 2011 | 5.2% | -1.89% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 5.3% | -1.85% |
| 2009 | 5.4% | +38.46% |
| 2008 | 3.9% | +5.41% |
| 2007 | 3.7% | +2.78% |
| 2006 | 3.6% | +2.86% |
| 2005 | 3.5% | -10.26% |
| 2004 | 3.9% | +14.71% |
| 2003 | 3.4% | +13.33% |
| 2002 | 3.0% | +7.14% |
| 2001 | 2.8% | +27.27% |
| 2000 | 2.2% | -12.00% |
| 1999 | 2.5% | -21.88% |
| 1998 | 3.2% | -13.51% |
| 1997 | 3.7% | -32.73% |
| 1996 | 5.5% | -11.29% |
| 1995 | 6.2% | +67.57% |
| 1994 | 3.7% | +8.82% |
| 1993 | 3.4% | +21.43% |
| 1992 | 2.8% | +3.70% |
| 1991 | 2.7% | +0.00% |
| 1990 | 2.7% | -6.90% |
| 1989 | 2.9% | -17.14% |
| 1988 | 3.5% | -10.26% |
| 1987 | 3.9% | -9.30% |
| 1986 | 4.3% | -2.27% |
| 1985 | 4.4% | -21.43% |
| 1984 | 5.6% | -8.20% |
| 1983 | 6.1% | +45.24% |
| 1982 | 4.2% | +366.67% |
| 1981 | 0.9% | -25.00% |
| 1980 | 1.2% | — |
Related Data
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For Mexico
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