President Sheinbaum: Mexico Among Countries With Lowest Unemployment

President Claudia Sheinbaum announced today that “Mexico now ranks as the country with the second-lowest unemployment rate in the world,” underscoring what her administration describes as tangible results from its economic and labor policies.

In a message shared on social media, the president reported that Mexico recorded an unemployment rate of 2.7 percent in November, placing it just behind Japan, which registered 2.6 percent as of October.

 

 

According to the government’s statement, Mexico’s performance surpasses that of several advanced economies, including Germany (3.8%), the Netherlands (4.0%), Australia (4.3%), the United States (4.6%), and Ireland (4.9%). Unemployment rates are notably higher in other European nations, such as France (7.7%), Sweden (9.1%), Finland (10.3%), and Spain (10.5%).

“The transformation is delivering results,” President Sheinbaum stated, framing the data as evidence that Mexico’s economic model is strengthening employment and stability.

While the figures shared by President Sheinbaum highlight a clear strength of Mexico’s labor market, experts caution that low unemployment does not always tell the full story. Mexico’s economy is characterized by high levels of informal employment, where millions work without contracts, social security, or stable incomes. The data nonetheless signals resilience in job creation and labor participation, even as the broader challenge remains how to translate employment into more secure, better-paid, and formal opportunities—especially for women, young people, and Indigenous communities.

The announcement comes during 2025, designated by the federal government as the Year of Indigenous Women, highlighting a broader political narrative that links economic progress with social inclusion and equity. As Mexico closes the year with historically low unemployment, the figures reinforce the administration’s message that growth and labor participation remain central pillars of its national development agenda.