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November 12, 2024
The weakness in employment, observed since the beginning of the year, has intensified more than expected due to factors such as the closure of federal infrastructure projects and political and economic uncertainty. In October, formal employment grew by 1.4%, falling 0.3 percentage points short of expectations.
October 16, 2024
Formal employment grew by 1.6% in September. Despite the increase, the growth was lower than expected, reflecting a more significant slowdown and worsening short- and medium-term employment expectations, influenced by the country's anticipated lower economic growth and uncertainty.
September 12, 2024
Employment continues to slow down, with minimal monthly increases. According to the IMSS, formal employment grew by 1.8% annually in August, 0.2 points less than in June and July. Seasonally adjusted job creation has shown three months of 0.1% variations, reflecting weakness in annual variations.
August 23, 2024
Formal employment grew by 2.0% year-on-year in July, similar to the previous month but 0.2 percentage points below the forecast. A moderate improvement is expected in the coming months. Permanent employment has shown resilience, with 322 thousand new positions this year.
June 17, 2024
Formal employment in Mexico continues decelerating, growing 2.2% in May 2024, 0.2 percentage points lower than the previous month. Job creation is expected to pick up in the third quarter but at a slower pace than in 2023.
May 13, 2024
The employment resumes growth in April (2.5% year-on-year); this rebound in employment is explained by the negative impact of the previous month's Easter week. A change in the employment creation trend is not anticipated but rather seen as a temporary adjustment
May 9, 2024
In the first quarter of 2024, job creation remained strong, but overall employment growth has slowed compared to last year. April saw only 175 thousand new jobs added, well below the expected 243 thousand.
April 16, 2024
Formal employment in Mexico showed null monthly variation in March 2024, reflecting a more pronounced slowdown than expected in the year's first quarter. In March, it grew below expectations, partly attributable to the effect of Easter.
February 14, 2024
Formal employment added 109 thousand new jobs in January, 2.4% less than in 2023, with a marked slowdown in manufacturing and services. Real wage increased 5.6% YoY (15.4% above pre-pandemic), and the total wage bill grew 8.8% YoY (23.9% above pre-pandemic).
December 11, 2023
Wage and disposable income inequality in Spain illustrates the importance of avoiding its causes by bringing Spain's unemployment rate down and converging it to EU levels, thereby enjoying the double dividend of full employment.
November 13, 2023
… grows by 0.8% MoM in October, slightly below the average since 2010 (0.9% MoM). With the creation of 173 thousand formal jobs, October ranks as the fourth-highest figure since 1998. However, it stands 1.2 percentage points below the average year-on-year growth observed in 2021 and 2022.
