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December 12, 2024
... with only 24.7 thousand new jobs, the lowest level in two decades, with an annual growth of 1.0%. The weakness in employment, expected by the end of the year, has been confirmed by the results, specifically in November, which recorded the second-lowest job creation since 1997.
July 12, 2024
Mexico faces significant structural economic challenges, with informality standing out as one of the most complex to address. Although there have been efforts to understand and analyze informality from various perspectives, these efforts have little impact as they remain outside the debate and action of public policy.
April 19, 2024
The average real wages of formal workers in Mexico have shown notable growth, accompanied by a significant improvement in workers' purchasing power, especially in the lowest income deciles, which indicates progress towards lower wage inequality.
January 11, 2024
In December, a loss of 385 thousand jobs was recorded, marking the strongest seasonal adjustment since 1998. Employment closed the year with an annual growth of 3.0% but was below consensus expectations. The monthly decrease in employment (-)1.7% is primarily attributed to seasonal factors.
October 13, 2023
The formal job creation continues to show strength, with a year-on-year growth of 3.4% in September; in cumulative figures from January to September 757K new jobs have been created, the fourth-highest since 1998.
March 13, 2023
In February, 176 thousand jobs were created (3.4% YoY), marking the second-highest job creation since 1998. Although this is a significant growth, it aligns with the expected slowdown.
January 16, 2023
Growth expectations and the macroeconomic environment for 2023 set a less encouraging scenario for job creation in 2023. We expect 527K new jobs to be created by the end of the year, equivalent to a year-on-year growth rate of 2.5%.
October 8, 2020
Wages in Mexico are low compared to other countries with a similar income level. Most worryingly, wages have fallen, in real terms, over the last 25 years in all income deciles.
January 27, 2020
In December 2019, the IMSS registered a total of 20.4 million workers. A total of 342 thousand new formal jobs were created in 2019, an average growth of 2.3% in the year. The formal payroll maintained average growth above 5% during the year.
September 17, 2018
It seems that in the age-old battle between labour and capital the latter has been gaining ground recently. In the majority of advanced economies the share of national income going to wage and salary earners is falling. What is the reason for the fall in labour’s share of income? There are several possible explanations.
