Mexico Unemployment Rate Falls to Lowest in Almost Eight Years
- Unemployment rate of 3.74% was lower than any analyst estimate
- Job growth has been bolstering consumer spending, economy
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Mexico’s unemployment rate fell to the lowest in almost eight years in March, the latest sign of stronger growth in Latin America’s second-largest economy.
The unemployment rate fell to 3.74 percent in non-seasonally adjusted terms, according to a report published Wednesday by the nation’s statistics agency, known as Inegi. That was below the 3.9 percent median estimate of 16 analysts surveyed by Bloomberg.