Mexico | Formal Employment continues to slow down

Summary

In April 2019, formal employment reached a figure of 20.38 million, representing an annual growth rate of 2.4%. This is the lowest rate since 2010 in the aftermath of the last recession and confirms the decreasing trend of formal job creation since May 2018.

Key points

• Key points:
• Compared to April, the number of new jobs created in May was 3,983.
• Taking the first four months of the year as a reference, formal employment growth was 38.0% lower compared to the same period in the previous year.
• Guerrero (-3.5%), Chiapas (-0.8%), Durango (-0.4) and Morelos (-0.2%) presented negative annual growth rates of formal employment

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