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    Mexico | 11.8 million employees excluded from health and income below the poverty line

    Published on Monday, March 23, 2020 | Updated on Saturday, April 4, 2020

    Mexico | 11.8 million employees excluded from health and income below the poverty line

    Summary

    In a context of economic recession and health crisis, the impact on the labor market is widespread, however, it has a greater impact on the most vulnerable workers with low-income levels and excluded from social security.

    Key points

    • Key points:
    • The unavoidable economic recession will have a strong impact on job creation, depending on the duration of the global and internal economic downturn, the loss or destruction of jobs will be greater
    • In a scenario of social isolation and economic slowdown, the sectors that potentially have the greatest negative impact are commerce, restaurants, transport, and tourism, where 17 million workers are employed
    • 6.3 million employees who work in formal sector companies excluded from health and income below the poverty line
    • 2.2 million workers aged 60 and over, excluded from health and income below the poverty line
    • Reorienting and prioritizing public spending is required to support families and maintain their level of well-being, which is the most sustainable long-term project

    Geographies

    Authors

    David Cervantes Arenillas BBVA Research - Senior Economist

    Documents and files

    Report (PDF)

    03_2020_Mexico_OBSEMPL.pdf

    Spanish - March 23, 2020

    Report (PDF)

    Mexico_EmploymentFlash_Mar20.pdf

    English - March 23, 2020

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