Mexico | Signs of stress on the labor market

Summary

As predicted, the deceleration of formal employment has been persistent practically throughout the year, in November it grew 1.7% YoY, the lower level since the crisis of 2009. From January to November 724 thousand jobs have been created.

Key points

• Key points:
• 76 thousand new jobs were registered in November compared to the previous month
• In November the real wage grew 3.5% YoY and the formal payroll 5% YoY
• Nayarit, Campeche, and Querétaro are the states with the best performance of employment generation

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