Overview

• INEGI’s ENOE shows the labor force reached 61.1 million and 59.4 million were employed in Q2, with a net gain of 439,751 jobs driven by 546,349 new informal positions and a loss of 106,598 formal posts.
• The unemployment rate rose to 2.7% from 2.5% in Q1, leaving 1.6 million people without work as more Mexicans entered the job market.
• Informality climbed to 54.8% of the employed population (32.6 million), up by 398,000 year over year, reflecting a shift toward unprotected, lower-benefit jobs.
• Labor precariousness deepened, with suboccupation at 7.2% (4.3 million people) and increases in workers without fixed income (+203,653) and without access to health services (+386,925) versus Q1.
• Job growth was concentrated in services (+212,554 quarter over quarter) and the primary sector (+156,099), while annual declines hit construction (−226,000) and manufacturing (−118,000); labor poverty reached 35.1%, up slightly, with the highest informality in Oaxaca, Chiapas and Guerrero and the highest jobless rates in Tabasco, Mexico City and Coahuila.