Mexico | By 2024-III, the trend of decreasing labor poverty is interrupted

Summary

In a context of extinction of the National Council for the Evaluation of Social Development (Coneval), as the agency in charge of measuring poverty among other evaluation activities, this note presents some of the results of labor poverty as of the third quarter of 2024 published last December 3.

Key points

• Key points:
• Coneval has been an institution that has done professional work for the objective measurement of poverty. Its extincion represents a significant risk. It is not feasible to think of strategies to continue reducing poverty if it cannot be measured objectively and reliably. It will be essential that Inegi will be given the enough resources so that it can continue with the work that Coneval does.
• Increases in the minimum wage have been decisive in achieving a reduction in labor poverty in recent years.
• After four consecutive quarters of decreasing labor poverty, in the third quarter of 2024 there was a slight increase of 0.1 percentage points compared to the previous quarter, going from 35.0% of the population in 2024-II to 35.1% in 2024-III.
• The enormous disparities in poverty at the regional level in the country continue to be a challenge. As of the third quarter of 2024, the proportion of the population in labor poverty in 23 federal entities was not enough to exceed the minimum proportion they had in the period before the pandemic (2007-I to 2020-I).

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