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August 7, 2024
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In July, 12,344 formal jobs were created in the country

Angels Cruz Martinez

The newspaper La Jornada
Tuesday, August 6, 2024, p. 12

In July, 12,344 formal jobs were created in the country, which is equivalent to a minimum increase of 0.1 percent compared to the previous month and is reflected in permanent positions, because 23,787 temporary positions were lost, reported the Mexican Social Security Institute (IMSS).

The monthly report indicated that there were 36,131 new permanent or base positions in July, bringing the overall figure – excluding temporary positions – to 12,344 and is higher than that observed in the last two years.

The negative variation was also observed in the pattern registry, with minus 0.2 percent to reach 1 million 70 thousand 459.

The annual employment measurement – ​​from July 2023 to July 2024 – reports 446,649 new jobs, which represent an increase of 2 percent, but are below the average for the same period of the last decade, which is 554,220 positions.

The monthly report on employment behavior of Social Security indicates that the registry of affiliated workers stood at 22 million 331 thousand 788.

Regarding the sectors with the greatest annual increase in jobs, the institute ranked transportation and communications at 5.6 percent, trade at 3.2 percent and construction at three percent.

But according to information from the National Institute of Statistics and Geography (INEGI), the IMSS places the agricultural sector with the greatest loss of jobs with minus 3.3 percent.

The sectors with the lowest growth are the extractive industry with 0.2 percent and the manufacturing industry with 0.3 percent.

The electricity sector reported a 2 percent increase; social and community services 2.3 percent; and business services 2.4 percent.

By federal entity, the largest increases were observed in Chiapas with 6.4 percent; Hidalgo 4.9 and Nayarit 4.7.

In contrast, Tabasco registered a decrease of -10.8 percent; Zacatecas -1.9; Baja California -1.1; Chihuahua -0.8; Durango -0.2; and Baja California Sur -0.1 percent.

Following with minimal increases in jobs are Sinaloa with 0.1 percent; Sonora 0.4; Michoacán 0.7; Tamaulipas 0.7; Campeche 0.8; and Morelos one percent.

Regarding the base salary for contributions, the report from the Mexican Social Security Institute indicated that as of July 31, it stood at 588.7 pesos, equivalent to a nominal annual increase of 9.7 percent.

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