Last March, Mexico managed to create 64,566 formal jobs, reaching a total of 21,005,852 jobs, as reported on Tuesday by the Mexican Social Security Institute (IMSS).
“In March, there was a monthly increase of 64,566 jobs, equivalent to a monthly rate of 0.3%,” said the IMSS, considered the main indicator of formal employment, in a statement.
By adding the first three months of the year, Mexico has created 385,704 formal positions so far in 2022, of which 63.3% correspond to permanent jobs.
“In the last twelve months there has been a variation of 980,143 posts, equivalent to an annual rate of 4.9%. The increase of more than 980,000 places is the second highest variation in the history of the institute,” said the IMSS.
The institution closed 2021 with 20 million 620,148 affiliated workers and with a fall of 312,902 jobs in December.
With just over 21 million jobs to this day, IMSS reports nearly 390,000 jobs more than the 20.61 million jobs it had in February 2020, before the impact of COVID-19 in the country.
Due to the pandemic, the country lost nearly 1.2 million formal positions between mid-March and July 2020.
He then recovered more than 555 thousand, from August to November, but lost around 280 thousand again in December of that year.
In addition to more than 5.6 million cumulative cases and more than 323,000 deaths, the fifth highest figure in the world in absolute numbers, the health crisis caused a historic contraction of 8.2% of Gross Domestic Product (GDP) in 2020.
Although the IMSS is the main indicator of formal work in Mexico, analysts warn that it presents a partial portrait because in the country almost 55% of the workforce is informal, according to the National Institute of Statistics and Geography (Inegi).
The IMSS highlighted that the economic sectors with the highest annual growth in formal jobs are transport and communications with 11.9%, construction with 8% and extractive with 7.1%.
While by state, Quintana Roo, Tabasco and Baja California Sur stand out with annual increases of over 16%.
The institute also highlighted a nominal annual increase of 10.5% in average wages, which reached 472.5 pesos a day (about 23.9 dollars), the highest recorded in the last 20 years considering any month.
The agency also reported nearly 1.06 million patterns, representing an annual increase of 5.5%.
According to the February 2022 National Occupation and Employment Survey (ENOE) prepared by the National Institute of Statistics and Geography, until the second month of the year the Economically Active Population (EAP) reached 58.2 million people, which implied a participation rate of 58.7% and means that this population number is 3 million higher than in February 2021.
On the other hand, Inegi detailed that the Non-Economically Active Population (PNEA) was 41 million people, which means 1.1 million people less than in February 2021. Within it, the available PNEA decreased by 594 thousand
With information from EFE
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