Mexico closes 2025 as second country with lowest global unemployment

President Claudia Sheinbaum celebrated that Mexico will end the year with an unemployment rate of 2.7 percent, just behind Japan. In a message on X, she highlighted the results of the country's economic transformation. The claim is based on comparative data from 14 nations.

President Claudia Sheinbaum celebrated on Friday that Mexico will close 2025 as the second country with the lowest unemployment in the world, with a rate of 2.7 percent, just behind Japan at 2.6 percent. "We close this 2025 as the second country with the least unemployment in the world. The transformation yields results," Sheinbaum wrote in a message on X, accompanied by an official graphic from the Mexican Government comparing unemployment rates in 14 countries. The graphic, prepared on December 24 using data from datosmacro.expansion.com/paro, places Mexico followed by Germany (3.8 percent), Netherlands (4 percent), Australia (4.3 percent), United States (4.6 percent), and Ireland (4.9 percent). Subsequently appear Austria (5.8 percent), Italy (6 percent), Belgium (6.4 percent), France (7.7 percent), Sweden (9.1 percent), Finland (10.3 percent), and Spain (10.5 percent). Figures for Mexico, Netherlands, Australia, United States, Ireland, and Sweden correspond to November 2025, while those for Japan, Germany, Austria, Italy, Belgium, France, Finland, and Spain are from October. According to the latest bulletin from the National Institute of Statistics and Geography (Inegi) for October, Mexico's unemployment rate was 2.6 percent of the economically active population (PEA), with 1.6 million unemployed people and a PEA of 62.5 million, representing a participation rate of 59.9 percent. The active population increased by 1.1 million compared to October 2024. Additionally, in July, informal workers totaled 33.9 million, raising the informality rate to 55.7 percent. Sheinbaum attributed this achievement to the economic transformation policies implemented by her government.

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Joyful diverse Colombians on a Bogotá street celebrating record-low 8.9% unemployment rate since 2001, with job growth billboard.
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Colombia's unemployment rate reaches lowest since 2001

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Colombia's National Administrative Department of Statistics (DANE) reported that the unemployment rate for 2025 was 8.9%, the lowest since 2001. This figure marks a 1.3 percentage point decrease from 2024. In December 2025, the rate fell to 8%, with employed population rising by 603,000 people.

Chile's National Institute of Statistics (INE) reported that the unemployment rate rose to 8.4% in the September-November 2025 quarter, up 0.2 percentage points from the previous year. This figure ends a streak of labor market improvements, with experts voicing concerns over slowing job creation. The rate has remained above 8% for 35 consecutive months.

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Dane reported that Colombia's unemployment rate in October 2025 was 8.2%, the lowest for an October since 2017, with 2.1 million people unemployed. This marks a drop of 0.9 percentage points from October 2024. However, Andi warned about the rise in labor informality amid job creation.

Mexico's government confirmed a 13% increase in the minimum wage for 2026, benefiting millions of workers. The raise will take effect on January 1 and aims to boost purchasing power without causing inflation.

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U.S. employment rose by just 50,000 jobs in December, missing economist expectations, amid losses in key sectors like retail and manufacturing. The unemployment rate fell to 4.4%, while wage growth held steady at 3.8% year-over-year. Businesses cited uncertainty from AI investments and tariffs as reasons for cautious hiring.

Following the December announcement, President Claudia Sheinbaum detailed the 13% minimum wage increase for 2026 during a conference, highlighting adjustments for specific professions and marking the second hike of her term after significant gains under the prior administration.

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South Korea added 225,000 jobs in November, bringing total employment to 29.05 million and continuing the recovery trend this year. However, youth employment fell for the 19th consecutive month, while manufacturing and construction sectors saw ongoing declines. The unemployment rate held steady at 2.2 percent, underscoring challenges for young job seekers.

 

 

 

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