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Mexico’s Formal Jobs Hit Record 22.84 Million, IMSS Says

Officials cast the figures as proof of a strengthening labor market linked to recent policy moves.

Overview

  • IMSS reported 22,837,768 workers affiliated as of November 30, the highest formal employment level on record.
  • November added 48,595 formal jobs, bringing January–November gains to 599,389, equal to 2.7% growth this year.
  • INEGI’s quarterly series showed 600,000 more remunerated positions in the second quarter, rising from 39.4 million to 40.0 million for a 1.3% increase.
  • Job quality indicators improved, with 86.7% of IMSS-registered positions classified as permanent, totaling about 19.8 million.
  • Pay measures rose, with the IMSS salary base at 624.9 pesos per day (up 7% year over year) and total registered remunerations up 6.5% versus the first quarter; women now hold roughly 9.23 million formal jobs (40.4%), with 98,000 added in the past year.