Occupation and Employment Indicators for October 2023, Mexico
The National Institute of Statistics and Geography (INEGI) presents the results of the National Survey of Occupation and Employment (ENOE).
This survey reflects the behavior of the Mexican labor market by providing monthly data on the economically active population, employment, informal labor, underemployment, and unemployment.
Due to the natural disaster caused by Hurricane Otis in the state of Guerrero, the collection of information through household surveys, such as ENOE, has been postponed since October 25, 2023.
In October, the response rate from Guerrero was around 50%; however, the strategic indicators maintain their levels of statistical quality.
In October 2023, with original figures, the economically active population (EAP) was 61.1 million people, implying a participation rate of 60.5 percent.
This population was higher by 676 thousand people compared to October 2022. The economically inactive population was 40 million people, 833 thousand more than in the tenth month of 2022.
Out of the EAP, 59.4 million people were employed (97.3%) during the past October, one million more than in October 2022.
Within this group, the underemployed individuals —those who reported having the need and availability to work more hours— were 4.7 million (7.9% of the employed population), an increase of 309 thousand people compared to the same month of the previous year.
The unemployed population was 1.7 million people, and the unemployment rate (UR) was 2.7% of the EAP.
Compared to October 2022, the unemployed population decreased by 316 thousand people, and the UR was lower by 0.6 percentage points.
In October 2023, on a monthly basis and with seasonally adjusted figures, the UR decreased by 0.1 percentage points. The underemployment rate was similar to that of the previous month.
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