UNEMPLOYED What is it?

Is person above a specified age not being in paid

employment or self-employment but currently
available for work during the reference period.

AS THE NUMBER
OF UNEMPLOYED
PEOPLE
The unemployment rate in Mexico rose to 4.7% in January of
2022 from 3.8% in the corresponding month of the previous year.
In Mexico, the unemployment rate measures the number of
people actively looking from a job as a percentage of the labour
force.

5 SOLUTIONS AND PROPOSALS FOR

THE UNEMPLOYMENT
1. THE ROLE OF Laws must have clear mechanisms for
promotios, enforcement, inter-institutional
LABOUR LAW
coordination, survevillance, monitoring and
evaluations. Otherwise, the normative
bodies end up being simple declarations of
good intentions.

More employment exchanges 2. EXPANSION OF

should be opened information
regarding employment EMPLOYMENT
opportunities should be given to EXCHANGES.
people.

3. DECENTRALIZATION OF INDUSTRIAL ACTIVITY.

Is necessary to reduce unemployment. If industrial activities
are centralized at one place, there will be less employment
opportunities in the under developed areas. So, the
goverment should adopt such policies which encourage
decentralization of industrial activity.

4. HIGH GREAT OF Great of capital formation in the country

CAPITALES FORMATION. should be accelerated. Capital formation
shoul be particularty encourage in such
activities which generate greater
employment the opportunity. Capital
output ratio should be kept low.

Most people in Mexico are self 5. MORE ASSISTANCE TO

employed. They are engaged in
agriculture, trade, small, scale
SELF EMPLOYED PEOPLE
industries, e.t.c. This people should
be helped by goverment, providing
them raw materials, technical
training and also with money,
sometimes they are only starting,
and the provided money can help
them to get a better result in their
starting day as well.
Economipedia. (2022). Desempleo - Qué es, causas y consecuencias | Economipedia. Economipedia.
https://economipedia.com/definiciones/desempleo-
paro.html#:~:text=Desempleo%20o%20paro%20significa%20falta,por%20parte%20de%20las%20empresas).
Mexico Unemployment Rate - August 2022 Data - 1994-2021 Historical. (2022). Tradingeconomics.com.
https://tradingeconomics.com/mexico/unemployment-rate