Business

A Closer Look at Mexico's Employment Growth Trends

Mexico's employment landscape blooms as IMCO's analysis reveals a 1.9% annual job growth, driven by women, with a surge in formal employment and labor income. Addressing income disparity remains pivotal for a more inclusive economy.

Mexicanist

Sep 2, 2023 — 4 min read

Women drive 83% of new job growth in Mexico, contributing significantly to the economy's dynamism. Image by Piyapong Saydaung from Pixabay

The Mexican Institute for Competitiveness (IMCO) has released its comprehensive analysis of the employment landscape in the first half of 2023, shedding light on the evolving job market and income trends. The study, based on the latest data from the National Occupation and Employment Survey (ENOE-N) by the National Institute of Statistics and Geography (INEGI), offers valuable insights into the dynamics of the Mexican economy.

Steady Growth in Employment

In a period marked by economic transformation and social change, the first half of 2023 saw a notable uptick in the number of employed individuals. According to IMCO's analysis, the employed population expanded by an impressive 172,637 workers compared to the end of 2022. This surge propelled the total employed population to reach 58.5 million in the second quarter of 2023.

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