Job Creation in Mexico Breaks January Record Despite Feud with US, Gas Hike Elena Toledo - PanAm Post
go to original February 14, 2017

Even though job creation broke records in January, only 19 percent of those new jobs were permanent. (MexicoCitySun.com)

Last January, 83,922 jobs were created in Mexico, according to figures from the Mexican Social Security Institute — the most since January of 2008.

There was a 20.4 percent increase in jobs in contrast to January 2016, during which there were only 69,170 jobs created.

Only 15,580 of those jobs were permanent — or 19 percent — meaning that 80.9 percent were temporary.

Regarding the annual creation of jobs, the IMSS report revealed that between January 2016 to January 2017, 746,713 jobs were created, of which 87.9 percent were permanent.

The annual increase in employment was mainly driven by the agricultural sector, which grew 5.7 percent.

Trade also reportedly boosted employment, having grown 4.3 percent. Transportation and communications grew 4.2 percent. However, electricity declined 2.5 percent.

Read the rest at PanAm Post

Related: Despite Trump, Several American Companies Plan Mexico Expansion (PanAm Post)

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