Mexico | Formal Employment Performance Improves in September

Summary

Formal employment had an annual growth of 1.9%, reaching a total of 20.5 million formal employees.

Key points

• Key points:
• September has the best performance in job creation of the first nine months of the year with 145 thousand new jobs
• The average daily wage grew in real terms 3.4% YoY; consequently, total Formal Payroll grew 5.5% YoY
• Construction continues presenting employment destruction and the worst performance with a growth rate of -2.9% YoY

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