Mexico’s unemployment rate rose to 2.9% from the previous 2.8%, marking a 0.1 percentage point increase. This uptick indicates a slight weakening in the labor market compared to the prior period.
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The actual unemployment rate of 2.9% surpassed analyst estimates of 2.8%, potentially leading to cautious sentiment in the stock market. Sectors sensitive to consumer spending, such as retail and consumer goods, may experience short-term pressure as higher unemployment can dampen consumer confidence and spending. The market impact is likely to be sentiment-driven in the near term, with investors closely watching for any policy responses.