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Mexico's unemployment rate fell to 3.3% of the economically active population in June, the lowest level since May 2006, according to the country's statistical institute (Inegi).
The rate fell by 0.2 percentage point (pp) compared to May and 0.7 pp from the same month of 2016. Mexico's unemployment rate refers to the labor force percentage that worked less than an hour during the survey reference period, but expressed willingness to do so and tried to find a job.
The decrease in the unemployment rate occurred despite an increase in the labor force participation rate to 59.3% in June, from 59.2% in May and in June 2016.
Previous data from the Mexican Labor Ministry showed that in June the country's economy created 86,233 jobs - the highest level for that month since 1997, when the government started to measure the employment creation.
