In the third quarter of 2023, the share of employment in the informal sector in Mexico was 54.8 percent. Throughout the whole period under consideration, the fourth quarter of 2015 accounts with the highest share for informal employment with a 57.9 percent. In the contrast, the second quarter of 2020 recorded the lowest share in this sector with around 51 percent.
Mexico has experienced a consistent decrease in the unemployment rate over the last three years, reaching a rate of 3.31 percent in 2022. The youth population has been particularly affected by this trend, and their level of educational attainment has not been sufficient to mitigate these effects. The primary reason for unemployment has been the termination of contracts, and the lack of job opportunities has resulted in nearly 920,000 people with higher education degrees being unemployed as of 2023.
Informal employment as percentage of total employment in Mexico from 1st quarter 2015 to 3rd quarter 2023
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INEGI. (March 11, 2024). Informal employment as percentage of total employment in Mexico from 1st quarter 2015 to 3rd quarter 2023 [Graph]. In Statista. Retrieved November 02, 2024, from https://www.statista.com/statistics/1348707/share-employment-informal-sector-mexico/
INEGI. "Informal employment as percentage of total employment in Mexico from 1st quarter 2015 to 3rd quarter 2023." Chart. March 11, 2024. Statista. Accessed November 02, 2024. https://www.statista.com/statistics/1348707/share-employment-informal-sector-mexico/
INEGI. (2024). Informal employment as percentage of total employment in Mexico from 1st quarter 2015 to 3rd quarter 2023. Statista. Statista Inc.. Accessed: November 02, 2024. https://www.statista.com/statistics/1348707/share-employment-informal-sector-mexico/
INEGI. "Informal Employment as Percentage of Total Employment in Mexico from 1st Quarter 2015 to 3rd Quarter 2023." Statista, Statista Inc., 11 Mar 2024, https://www.statista.com/statistics/1348707/share-employment-informal-sector-mexico/
INEGI, Informal employment as percentage of total employment in Mexico from 1st quarter 2015 to 3rd quarter 2023 Statista, https://www.statista.com/statistics/1348707/share-employment-informal-sector-mexico/ (last visited November 02, 2024)
Informal employment as percentage of total employment in Mexico from 1st quarter 2015 to 3rd quarter 2023 [Graph], INEGI, March 11, 2024. [Online]. Available: https://www.statista.com/statistics/1348707/share-employment-informal-sector-mexico/