New Jobs Increase in 1Q21; Uncertainty RemainsBy MBN Staff | Thu, 04/15/2021 - 10:30
In 1Q21, the Mexican Social Security Institute (IMSS) reported a slight recovery in job creation with 251,977 more jobs than those created at the end of 2020 and four times the number reported in 1Q20 when just 61,501 jobs were created. However, the 251,977 jobs recovered remain below those reported by IMSS in 1Q19, when 269,143 jobs were created.
At the end of March 2021, IMSS reported 2.2 percent fewer jobs than in the same period in 2020 and 1.6 percent fewer than in 2019. Of these jobs, 85.6 percent are permanent and 14.4 percent are temporary. In March 2021, the number of registered jobs surpassed the 20 million mark, after January and February remained below this figure with 19.8 million and 19.9 million jobs. According to analysts consulted by El Financiero, the report confirms the economy's sluggish performance and the subdued recovery in employment. They also said that even with vaccination underway, this has not given companies more certainty.
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