México shows above-average 1Q employment-growth rate

According to a report released Monday July 17 by the Organization for Economic Cooperation and Development (OECD), during the first quarter of 2017, employment in Mexico increased above the average rate for the countries composing the OECD.

The employment rate increased in Mexico by 0.4%, which is two tenths more than the average of the OECD, an organization which brings together 35 of the world’s major economies. Both Mexico’s and Canada’s rates were the fastest growing among the largest economies in the OECD, the Paris-based agency said in a press release.

In the United States, the employment rate increased just 0.3%, one’tenth less than in Mexico. The OECD defines the employment rate as “people in the working age who are employed” in a particular country.

After this increase in Mexico, there’s a total employment rate of 61.4%, being the OECD’s average, 67.4%. The employment rate in the United States is 69.8%.

SOURCE: El Economista