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Weekly Roundups

New Jobs Increase in 1Q21; Uncertainty Remains

By 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.

More news below: 

  • As companies embrace digital transformation, their search for skilled staff intensifies. Ironhack trains those looking to join the tech sphere. “We tell companies that anyone in any position and in any area can develop technology skills. This is not only a great benefit for the employee not to lose their job, but it is also a great professional advancement that will boost engagement with the company”, told MBN Anahí Flores, Campus Manager of IronHack Mexico. 

  • The Chamber of Deputies approved early Wednesday morning reforms to the Federal Labour Law, the Social Security Law and the Infonavit Law, which seek to regulate outsourcing in the public and private sector. During the session, opposition legislators questioned the approval of the reform saying there was still no analysis of the budgetary impact it would have. The reform still needs to be approved by the Senate. 

  • Women from rural communities have been one of the most affected groups during the COVID-19 pandemic. Initiatives like The Hunger Project's "Sowing Opportunities: Right to Land and Gender Equality in the Mexican Countryside" are part of the programs that have been dedicated to helping this vulnerable sector. Read more about their action plans here. 

  • Due to the pandemic, 43 percent of Mexicans feel that their mental and emotional health has deteriorated, according to an Ipsos report released this week. In Latin America, Mexico is at the top of this ranking, followed by Chile and Peru. Globally, it ranks second, following Turkey. 

MBN Staff MBN Staff MBN staff