Overview

• INEGI’s ENOE shows 34.1 million people in informal work in July, a 56.1% share of total employment after a monthly jump of about 1.17 million.
• The survey records a loss of roughly 532,000 formal positions from June to July and a rise in the unemployment rate to 2.8%, or about 1.7 million people.
• IMSS reports a one‑month increase of about 1.266 million affiliations in July, largely from registering platform couriers such as Uber and DiDi as part of a pilot program.
• Analysts note part of the divergence reflects areas not covered by IMSS and that informality increasingly occurs inside formal entities, with 15.9 million informal jobs located in formal firms or government.
• Year to date, about 35% of informal job growth has arisen within formal economic units, while July sector shifts show gains in manufacturing and construction and losses in services.