Economics: More Jobs but Pay Remains Weak

MEXICO - Report 27 May 2015 by Mauricio González and Ernesto Cervera
Executive Summary The rate of growth in payroll employment has been twice that of the general economy since the second half of 2012. That outperformance reflected a significant migration of workers in the informal sector into formal sector jobs, but the first quarter of 2015 saw growth in both formal and informal employment. The number of payroll workers increased 4.5% year on year in the first quarter of 2015 while GDP rose by only 2.5%. Between June of 2012 and March of 2015, payroll employment has risen on average 1.8 percentage points more than GDP.One troubling development is the exten...

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.