Mexico | Employed Mexican migrants falled 20% in the pandemic, but they are 3.2% up now

Summary

At the beginning of the pandemic, the jobs of Mexican migrants in the US contracted by 20%, but they are already 3.2% above pre-pandemic levels. However, the labor participation rate is at 66%, lower than pre-pandemic levels (68%); and the unemployment rate at 4.3%, above the average in 2019 (3.5%).

Key points

• Key points:
• In February, 3,910 million US dollars arrived in Mexico for remittances +23.3% compared to the same month of the previous year.
• Remittances accumulate 22 consecutive months with growth at an annual rate, starting in May 2020, averaging an increase of more than 20% per year in this period.
• During the beginning of the pandemic, the jobs of the Mexican migrant population in the US contracted by 20% (temporarily or permanently), currently the volume of employed Mexican migrants is already 3.2% above pre-pandemic levels.
• The labor participation rate of Mexican migrants is around 66%, still lower than pre-pandemic levels (68%).
• The unemployment rate of Mexican migrants was 4.3% in February 2022, it is still above the average observed in 2019 which was 3.5%.

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