Mexico jobless rate stable in April at over 2-year low

MEXICO CITY: Mexico's jobless rate was stable in April, staying at a more than two-year low and raising hopes for strengthening domestic demand in Latin America's No. 2 economy.

Mexico's seasonally adjusted unemployment rate was 4.3 percent in April, the national statistics agency said on Thursday, on par with its rate in March, its lowest since at least January 2013.

Mexico's government last week slashed its economic growth forecast to between 2.2 percent to 3.2 percent this year after data showed the economy grew at its slowest pace in over a year, undermined by flagging oil revenue and weak US growth.