FX.co ★ Mexico’s Jobless Rate Ticks Up to 2.7% in January, Ending Run of Record Lows

Mexico’s non-seasonally adjusted unemployment rate rose to 2.70% in January 2026, up from 2.40% in December 2025, according to data updated on 26 February 2026. The increase marks a reversal from the previous month, when the indicator had reached one of its lowest recent levels.

The January uptick suggests some cooling in Mexico’s labor market after the strong performance seen at the end of 2025. While the jobless rate remains low by historical standards, the move from 2.40% to 2.70% will likely draw attention from policymakers and investors tracking the resilience of domestic employment conditions at the start of 2026.

Market participants will be watching upcoming releases closely to determine whether the January figure reflects a temporary adjustment or the start of a broader trend in Mexico’s labor dynamics.