Mexico | Perspective of a slow recovery of formal employment

Summary

The rebound in the economy and employment will continue to show different nuances and heterogeneity among sectors and regions, it is expected that in the face of restrictions, social distancing, and economic closures, now partial, the negative impact on employment will continue.

Key points

• Key points:
• Without a general recovery, job creation seems to lose strength
• The services sector has been the most affected; it has only recovered 6.7% of job loss
• The turism sector continues with negative growth, only 7.8% of the lost employmeny has been recovered
• Recovery of employment from 2 to 5 minimum wages does not change the general conditions of the labor market
• Formal Payroll returns to positive growth driven by the good performance of inflation

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