“With this, the economy reached a growth floor for the whole year, if nothing else happens, of 2.3%, which we believe will continue to increase with the good performance of consumption, employment and investment,” Ramírez said. De la O during his participation in the 32nd Convention of Insurers of the Mexican Association of Insurance Institutions (TO MY).
He explained that the labor market reforms implemented during this administration have improved social benefits, higher wages and bargaining power through collective bargaining for workers.
“The labor market increasingly reflects the results of these measures. During the first four months of 2023, record levels of formal employment generation were observed, with the registration of 447,000 positions in Social Security, which is the second highest increase since there was a record,” he said.
In addition, the unemployment rate in March was at an all-time low of 2.4%, while the total labor participation rate, and of women in particular, were at all-time highs.
In turn, the real average salary registered an annual increase of 2.3% during the first quarter of 2023 and the percentage of the population in working poverty shows a downward trend, reaching 38.9% at the end of 2022, the lowest figure since 2008, detailed the report. Secretary of the Treasury.