Mexico's unemployment rate increased slightly to 2.7% in May 2025, marking a 0.1 percentage point rise compared to May 2024, according to data from the National Institute of Statistics and Geography (INEGI). This translated to approximately 1.7 million people without work. Despite the rise in unemployment, the labor market showed some improvement with the creation of 71,664 new jobs in May, driven mainly by formal employment. However, the informal employment rate also increased, reaching 54.9% annually. In June 2025, employment continued to grow, with 201,920 additional jobs created compared to May, bringing total employment to 60.17 million people. The unemployment rate in June remained steady at 2.7%. For context, the U.S. unemployment rate was reported at 4.248% in July 2025, the highest since October 2021.