According to the latest data from the IMSS, in 3 years and 7 months, just over 2 million new formal jobs were created in Mexico.
This is equivalent to four times the number of jobs created at this point during the previous administration (500,000 jobs). And in the same period in the administration before that, 260,000 jobs were lost rather than created.
To publicize these figures, President Enrique Peña Nieto presented a certificate to the two millionth worker: Lizeth García Alarcón, in the State of Mexico.
Evolution of employment in the country
During this administration, 58% of jobs have been generated in the service sector and the manufacturing industry; in the latter, half the jobs correspond to the automotive, electronics or food processing industry.
41% of the jobs have been filled by women, a higher percentage than their participation in the Economically Active Population (EAP) (38%). 36% of the jobs have been for young people ages 20 to 34.
In the first 43 months of the previous administration, 225,000 jobs were lost in this age range, while 734,000 have been created during the current administration.
At the international level, from December 2012 to May 2016, whereas average annual employment growth in the United States was 1.9% and -0.1% in Brazil, in Mexico it was 3.8%.
More quality jobs:
- Regarding income, the Average Salary for IMSS Contributions has grown by 6% in real terms during this administration. This is three times the salary increase (2%) during the same period in the previous administration.
- Half a million new jobs earn an income of more than five Minimum Wages (more than 10 thousand pesos a month).
- Jobs earning over 20 Minimum Wages grew 22% in 3 years and 7 months.
“This is an announcement we must assess and appraise what it means, because it means that in the three years seven months of this administration, more jobs have been created than ever before in the past and, above all, spaces of opportunity have been created for more Mexicans.
It is thanks to investors and entrepreneurs, who bet on Mexico and continue to invest in Mexico, and who see opportunities to grow with Mexico and open up productive spaces and employment opportunities. It is thanks to the efforts of governments that we have traced the path of implementing structural reforms”: EPN