Home Business-newBusiness Peninsula unemployment rates lower than national average

Peninsula unemployment rates lower than national average

by Yucatan Times
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At the close of the first quarter, the unemployment rate in the states of the Yucatan Peninsula was 2.7%, which compares favorably with the 3.1% in the same period last year and the national average of 4.0%, according to data from the National Institute of Statistics and Geography (INEGI).

The decline in the indicator of unemployment in the region is in line with the national average, which declined from 3.9% in March 2015 to 3.7% in March of this year.

Employers and job seekers met at a recent job fair in Cancun. (PHOTO: riviera-maya-news.com)

Employers and job seekers met at a recent job fair in Cancun. (PHOTO: riviera-maya-news.com)

According to the National Survey of Occupation and Employment (ENOE), Yucatán is the entity with the lowest level of unemployment in the region with 2.0% in March and 2.1% in the first quarter, against 2.6% and 2.1% in the same periods last year.

Quintana Roo, meanwhile, which reported GDP growth of 5.4% in 2015, to be the seventh largest state economy in the country, has the highest rate of adjustment to its unemployment rate with 0.7 points in one year, from 3.8 in March 2015 to 3.1% in March of this year.

In the first quarter, Quintana Roo unemployment declined from 4.0% last year to 3.0% in 2016.

Campeche reports an unemployment rate of 3.0% in the quarter, similar to Quintana Roo’s level, but the indicator is higher than 2.8% last year, probably due to difficulties in the oil industry.

In March 2015 Campeche reported a rate of 2.8%, while for the same period this year it was 3.2%.

Unemployment rates in the Yucatan Peninsula

March 2016
Campeche 2.8
Qroo 3.8
Yucatan 2.6
average 3.1

national 3.9

1st Tri 2016
Campeche 3.0
Qroo 3.0
Yucatan 2.1
average 2.7

national 4.0

Source: ENOE / INEGI

Source: unioncancun.mx

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