For decades, Mexico has reported relatively low unemployment rates, even amidst modest economic growth. This characteristic sets Mexico apart not only from industrialized countries but also from other emerging economies in Latin America. For instance, between 2021 and 2025, Mexico is projected to experience an average annual unemployment rate of 4.0% with an economic growth of 1.8%, in comparison to the United States, which is expected to see rates of 5.7% and 2.9%, respectively.

During this period, Mexico tends to have lower average unemployment rates and economic growth figures compared to Chile, Colombia, and Peru. This trend illustrates Mexico's unique labor market dynamics within the region. A person is considered unemployed if they did not work even one hour in the reference week, are available for work, and actively sought employment. The unemployment rate represents the percentage of unemployed individuals in relation to the Economically Active Population (EAP).

These statistics highlight Mexico's resilience in maintaining low unemployment rates, despite challenges in achieving higher economic growth rates. This could imply a robust labor market, with significant implications for policy makers seeking to stimulate economic growth while maintaining employment stability.