

The Mexican economy recovered in the last four months 50 percent of the formal jobs that were lost after the crisis caused by COVID-19, which means a faster recovery compared to past crises.
The boost in the labor market was due to the accelerated reactivation in the US economy that benefited the local manufacturing industry.
According to IMSS data, of the 1,117 thousand 584 jobs that were lost from March to July, 555 thousand 600 jobs were recovered between August and November.
In the financial crisis of 2008-2009, 15 months had to pass to recover all the jobs that were destroyed, on that occasion the drop in employment was 696 thousand and the recovery in four months was barely 18 percent.
In the crisis of 1994 and 1995, one million 78 thousand 124 jobs were lost. Full recovery took 19 months.
“Much of the creation of formal jobs in Mexico has to do with the economic recovery in the US, this reactivation has been much faster than any in history and the jobs that are associated with exporting companies or manufacturing companies are recovering at the same rate. they are increasing demand, “said Amín Vera, deputy director of analysis at Black Wallstreet Capital.
However, he warned that the recovery in the formal sector will not be enough to cover the hole caused by the pandemic; “It is not a sign of a general recovery in employment, since 60 percent of employment in Mexico is generated in the informal sector.
The Yucatan Times
Newsroom
Comments
more recommended stories
Psychoactive substance found in ancient Mayan receptacles
Scientists identify psychoactive substance residues the.
Meet Panchito, the croc who swims with tourists in a Tulum cenote.
Through an Instagram video, you can.
Boat adrift in the Alacranes Reef rescued by State authorities and Navy
A boat that was left adrift,.
AMLO wants to vaccinate 20 thousand school teachers in Campeche
The president said on Tuesday, January.
Honey production in Tulum shows lowest numbers in 20 years
Climate change and the natural phenomena.
Progreso vendors see no increase in sales due to the pandemic
“We barely sell anything at all”..
Tlaxcaltecans captured and ate the Spaniards. The Conquistadors returned and killed them all.
Researchers from the National Institute of.
Private sector proposes to join in on vaccination process
MEXICO CITY.- “The private sector can.
Rapidly breeding ‘Cocaine Hippos’ a real threat, scientists say
Scientists say Colombia must cull its.
The woman suspected of stealing computer from Nancy Pelosi in Congress tried to sell it to Russian intelligence.
The woman was reported by her.
Leave a Comment