Published On: Thu, Feb 11th, 2016

Mexico unemployment rate falls to 4.4%, a six-year low

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At the close of 2015, the unemployment rate in Mexico was 4.4 percent, the fourth lowest among the countries of the Organization for Economic Co-operation and Development (OECD), only behind Korea, Japan and Iceland.

According to the international organization, with this result the unemployment rate dropped to a six-year low, from a level of 5.47 percent in 2009, and was below the OECD average in 2015, 6.8 percent.

Factory employees are seen working in the plant of General Motors in the city of Silao, in the state of Guanajuato, Mexico in this file photo. REUTERS/Henry Romero/Files

Factory employees are seen working in the plant of General Motors in the city of Silao, in the state of Guanajuato, Mexico in this file photo. REUTERS/Henry Romero/Files

According to the report, in 2015 the unemployment rate was 8.7 percent among Mexican youth (15 to 24) and 3.4 percent for those over 25, while the unemployment rate for women was 4.5 percent and 4.2 percent for men.

For all 34 OECD countries, the unemployment rate at the end of 2015 fell to 6.8 percent from 7.4 percent in 2014, the second year of declined unemployment.

Source: http://www.oecd.org/mexico/

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