FX.co ★ Mexico’s Jobless Rate Edges Up to 2.8% in May, Ending Prior Decline

Mexico’s non-seasonally adjusted unemployment rate ticked higher in May 2026, rising to 2.80% from 2.50% in April 2026. The latest data, updated on 25 June 2026, signals a modest deterioration in labor market conditions after a previously lower reading in April.

While the unemployment rate remains relatively low, the 0.30 percentage point increase suggests that more people were actively seeking work in May compared with the previous month. The shift interrupts the earlier improvement seen in April and will be closely watched by market participants and policymakers as they assess the momentum of Mexico’s economy heading into the second half of 2026.