President Enrique Peña Nieto led the ceremony commemorating International Labor Day, at the National Palace. May 1 is a symbolic date worldwide. This day recalls the courage of workers in their efforts to achieve better working and living conditions.
“I would like to express my greatest appreciation and gratitude to all the workers in the country, their union organizations and their leaders, with whom the government maintains a frank, open and constructive relationship.”
Mexico is a democracy, where dialogue and agreements are a fundamental part of institutional evolution. The tripartite system has been valuable and helped achieve results. Workers, employers and authorities are joining forces to promote national development.
The results are good and encouraging:
• From December 1, 2012 to March 31, 2016, the number of workers affiliated to the IMSS grew by 1,859,970. Today, for the first time, there are over 18 million formal workers.
• The INEGI reported that in March, the National Unemployment Rate stood at 3.7% of the Economically Active Population. This unemployment rate is not only lower than that of the previous month, but is the lowest for March in the past 8 years.
• From November 2012 to March 2016, the Labor Informality rate has fallen by 3.2 percentage points, reaching its lowest level in the last decade. Today, there are more workers in the formal sector entitled to social security
• From December 2012 to December 2015, the Global Index of the Labor Productivity of the Economy, compiled by the INEGI based on hours worked has grown by 1.4%. This growth reverses the downward trend of previous years and decades.
• As for wages, there are also figures indicating improvement. For example, from December 2012 to December 2015, the Average General Minimum Wage accumulated a recovery in purchasing power of 5%, and by the end of this year, the minimum wage will have an expected and projected cumulative recovery of at least 6%. This is the greatest recovery for the same period in the past 36 years.
“All these indicators of increased employment, greater formality, higher productivity, higher wages and lower unemployment reflect the positive evolution of our economy.
They reflect a strong, stable economy that is growing and is doing so on the basis of the strength of its domestic market.”