Overview

• INEGI’s ENOE shows 34.1 million people in informal work in July, equal to 56.1% of the employed and the highest level since records began in 2005.
• ENOE reports a monthly jump of about 1.17 million informal workers alongside a loss of roughly 532,000 formal positions from June to July.
• Mexico’s unemployment rate edged up to 2.8% in July, or about 1.7 million people, as the labor force reached 62.5 million.
• IMSS recorded a July increase of roughly 1.266 million affiliates tied largely to a pilot registering platform workers such as Uber and DiDi, which IMEF says reflects formal affiliation of existing jobs rather than new hiring.
• Sector data indicate job gains in manufacturing, construction and agriculture, while services shed positions, underscoring concerns about job quality and coverage gaps.