FX.co ★ Mexico’s Jobless Rate Edges Up to 2.5% in April, Still Near Historic Lows

Mexico’s non-seasonally adjusted unemployment rate ticked up to 2.50% in April 2026, from 2.40% in March 2026, according to the latest data updated on 28 May 2026. The slight increase signals a modest cooling in labor market conditions after March’s very low reading.

Despite the month-on-month rise, April’s figure keeps unemployment in Mexico at relatively low levels by historical standards. The marginal move higher may reflect typical short-term labor market frictions or shifting hiring patterns across sectors rather than a sharp deterioration in employment conditions.

Investors and analysts will be watching upcoming releases to see whether April’s uptick marks the beginning of a broader trend or remains a temporary fluctuation in an otherwise tight labor market.