Mexico jobless rate rises sharply in August

Mexico's jobless rate rose in August, breaking a five-month streak of declines and adding to expectations of a deceleration in Latin America's second-largest economy in the second half of 2012.

The seasonally adjusted unemployment rate was 4.93 percent in August, the national statistics agency said on Friday, above the 4.80 percent expected in a Reuters poll.

July's upwardly revised 4.79 percent unemployment rate was the lowest in almost a year.


Source: Reuters