The Mexican economy created 24,011 formal jobs in April, with which it accumulates 447,395 jobs generated in the first four-month period of the yearas reported this Friday by the Mexican Institute of Social Security (IMSS).
With this data, the IMSS registers a total of 21,820,291 formal jobswhich represents a monthly advance of 0.1% and an annual one of 3.9%.
The institute affirmed that this increase in jobs in the first four months of the year “is the second highest since records have been recorded”, although “traditionally, in the months in which Easter coincides, less job creation is observed ”.
Greater opportunities in construction, transport and commerce
The IMSS highlighted that the economic sectors with the highest annual growth in formal jobs are construction, with 7.9%, transport and communications, with 6.3%, and commerce, with 4.5%.
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While by state, Tabasco, Baja California Sur and Quintana Roo stand out with annual increases of over 8%.
The institute also highlighted a nominal annual increase of 11.2% in the average salary, which reached 527.2 pesos per day, the largest increase in more than two decades for a similar period.
This is the “highest increase recorded in the last 22 years, considering only years and, since January 2019, the contribution base salary maintains nominal annual increases equal to or greater than 6.0%,” he explained.
More employees… And more employers
The agency also reported more than 1.06 million employers, as employers are called in the country, which represents an annual increase of 1%.
The institution closed 2022 with the creation of more than 750,000 formal jobs, the third largest annual increase since there is record.
The figures show a recovery of employment in Mexico after the Covid-19 pandemic, as there were 20.6 million formal workers registered with the IMSS in February 2020, but it lost almost 1.19 million jobs between March and July 2020, which it did not recover. until November 2021.
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 labor force is informal, according to the National Institute of Statistics and Geography (Inegi).
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