The mexican economy created 111,699 formal jobs in the first month of 2023, the third largest monthly increase in the last 16 years, reported Tuesday the Mexican Social Security Institute (IMSS).
The generation of employment in the first month of the year occurs after the disappearance of 345,705 jobs last December, a phenomenon that the Government attributes to temporary positions and employers who do not want to pay benefits, which left a net generation of 752,748 jobs in 2022.
According to the data of the IMSSwith the data for January there are 21,484,595 formal jobs in Mexicoof which 86.3% are permanent and the rest temporary.
Just last November, Mexico it had exceeded one million formal jobs created in 2022, thus reaching a record high of more than 21.65 million documented jobs.
Also, the IMSS stated that the Economic sectors with the highest interannual growth in January in positions were transport and communications with 5.8%, construction with 5.7% and services for companies with 4.3%.
Meanwhile, by state, they highlighted Tabasco, Baja California Sur and Quintana Roo with annual increases of more than 8%.
For its part, the IMSS detailed that the average salary of workers registered in the formality reached 519.2 pesos per day (about 27.33 dollars), that is, a monthly salary of 15,576 pesos (819.8 dollars).
This salary represents a nominal annual increase of 11.2%, the highest recorded in the last 22 years considering only January and, since January 2019, the contribution base salary maintains nominal annual increases equal to or greater than 6%”,
He mentioned the institute.
The IMSS is the main indicator of formal work in Mexico, but the National Institute of Statistics and Geography (Inegi) revealed in its latest employment survey that close to 55% of Mexicans are in the informal economy.
The figures show a recovery of employment in Mexico after the covid-19 pandemic, as it had 20.6 million formal workers registered with the IMSS in February 2020, but lost almost 1.19 million jobs between March and July 2020.
They are also a reflection of the behavior of the Mexican economy, which grew by 3% in 2022, according to the timely estimate that the National Institute of Statistics and Geography (Inegi) revealed last week.
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