Mexico April Jobless Rate Rises More Than Expected

Mexico's unemployment rate increased more than economists expected in April, latest data showed Friday.

The unemployment rate, on an unadjusted basis, increased to 5.04 percent in April from 4.51 percent in March, statistical office INEGI said. Economists were looking for a figure of 4.67 percent. In April 2012, the jobless rate was 4.86 percent.

On a seasonally adjusted basis, the unemployment rate was 5.14 percent in April, 0.11 percentage points higher than in the previous month, data showed.

by RTTNews Staff Writer

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