Mexico’s only notable release today was labor market data for August. Labor market: Unemployment (Aug)Unemployment (Aug) Unemployment rate (sa): 2.60% (unchanged from July). Takeaway: The jobless rate remains near multi-year lows on a seasonally adjusted basis, pointing to a still-tight labor market. FX: MXN reaction should be muted; a still-tight labor market is broadly consistent with carry support, barring external risk shifts. Equities: Neutral read; domestic demand proxies remain supported by employment stability, while rate-sensitives await clearer guidance from inflation prints and Banxico communications.