Unemployment rate stands at 3% in August: Inegi

By sex, the unemployed male population stood at 1,000,000; remained at the same level.

While the female figure went from 780,000 to 834,000. The unemployment rate for men was 2.8% and for women it was 3.3%.

In August of this year, 10.8% of the unemployed population did not have completed secondary education.

People with a higher level of education represented 89.2%.

People between 15 and 24 years old represented 37% of the unemployed, an increase of 5.1 percentage points; those between 25 and 44 years old concentrated 47.4%, 0.7 percentage points more; and those between 45 and 64 years old represented 14.2%, 5.1 percentage points lower.

Regarding labor informality, there were 32.4 million people and the rate was 54.3% of the employed population in August 2024, a decrease of 0.9 percentage points compared to the eighth month of 2023.

In August 2024, the EAP was 61.6 million people, 587,000 more people than in the same month last year.

In the eighth month of the year, 59.7 million people were employed, 519,000 more than in August 2023.

Within it, the underemployed population, that is, those who declared they had the need and availability to work more hours, was 4.8 million (8% of the employed population), an increase of 92,000 people.