The National Institute of Statistics and Geography (Inegi) has announced that the unemployment rate in March dropped to its lowest level on record, at 2.3%. This significant decrease was due to the boost of the secondary sector and the creation of over 400 thousand jobs. The country’s employed population was 59 million 818 thousand 274 in March, an increase of 414 thousand 335 jobs compared to February and 799,994 more than in March 2023.
According to ENOE figures, out of the total employed population, 41.6 million were subordinate and paid workers, representing a one million increase from the previous year. Meanwhile, there were also 13 million who worked independently, 3.1 million employers, and 2.1 million who worked in businesses or family plots.
The services sector had the most employees with 26.5 million people, followed by commerce with 11.4 million and manufacturing with 10.3 million people. Agriculture had a total of 6.2 million workers, construction had 4.6 million people and there were also 424 thousand people in other economic activities . Additionally, 352 thousand people did not specify their activity .
These positive trends reflect a healthy and thriving economy in the country as various sectors contributed to the decrease in unemployment rates and increase in employment numbers .