In November 2019, 76,000 jobs were created, the Mexican Social Security Institute (IMSS) reported on Thursday.
Compared to the formal jobs created in November 2018, the figure is 25% lower, as in the same period 101 thousand 747 jobs were created, 25 thousand 519 more places than this year.
In monthly terms, it is the lowest job creation for a November since 2008. In that year, 59,317 formal jobs were eliminated due to the international financial crisis.
Read: Unemployment rises to 3.6% in October, its highest rate in nearly three years, says inegi
3) In monthly terms, it is the lowest job creation for a November since 2008; in that year, 59,317 formal jobs were eliminated. Compared to the generation of formal employment in November 2018, the figure is 25% lower: pic.twitter.com/bsRHDPCdCi
“Mexico, how are we doing? (@MexicoComoVamos) December 12, 2019
So far this year, i.e. from January to November, 724 thousand 287 jobs have been generated, of which 79% are permanent jobs.
Read: Growth was not important, Slim says; it is idle to discuss stagnation, says the CCE
In the January-November cumulative, the generation of formal employment is the lowest since 2013, when 710 thousand 928 formal jobs were generated in the first 11 months of the year, according to the organization Mexico how are we going?
2) In the cumulative January–November, the generation of formal employment is the lowest since 2013, when 710 thousand 928 formal jobs were generated in the first eleven months of the year? pic.twitter.com/sfGsrcFpAO
“Mexico, how are we doing? (@MexicoComoVamos) December 12, 2019
According to the IMSS, job creation in the last twelve months is 345,726 jobs, equivalent to an annual rate of 1.7%.
“This annual growth is driven by the communications and transport sector, with 5.3%; 2.6%; and business services, with 2.3%,” he said.
The states with the highest annual membership increase are Nayarit, Campeche and Querétaro, with percentages above 5%.
As of November 30, 2019, the base wage for the contribution of workers insured to IMSS reached 375.8 pesos.
This salary represents a nominal annual increase of 6.5%, which is the highest recorded for one November of the last ten years.
THE IMSS also disclosed that 13,533 people were affiliated to the Home Workerpilot Program in November, with an average salary of 4,679 per month.
As of November 30 of this year, 804,1,000 people linked to the Young Building the Future Program already have medical service at IMSS, the Institute detailed in a statement.
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