MEXICO CITY.- More than 22 million jobs are affiliated with the Mexican Social Security Instituteaccording to figures from the same organization dated October 31.
Of this, 86.6% are permanent and 13.4% are temporary positions.
“With this figure, in October there was a monthly increase of 138,139 positions, which is equivalent to a monthly rate of 0.6% […] the second highest monthly increase in 2024”, expresses the IMSS in his statement.
More than 500 thousand jobs created in 2024
According to IMSS data, the figures, between January and October of this year, 594,556 new positions were created, while permanent positions grew 3%.
The economic sectors with the highest annual percentage growth in jobs are transportation and communications with 5.5% and business services with 1.9%.
By federal entity, they stand out State of Mexico, Hidalgo, Chiapas y Oaxaca for annual increases greater than 4%.
Likewise, as of October 31 of this year, a total of one million sixty-four thousand and twenty-eight employers were registered with the IMSS.
Additionally, the IMSS provides social security to 8.7 million people in other types of occupation.
According to the bulletin, 156,768 members are registered with Health Insurance for the family, medical care for people who voluntarily join the IMSS, and more than 200,000 insured in the Voluntary Continuation of the Mandatory Regime scheme.
Mexico has average salaries of $580 pesos: IMSS
At the end of October, the IMSS records an average contribution base salary of 580.5 pesos in affiliated positions.
This salary presents a nominal annual increase of 9.2% (nine point two percent), the third highest recorded in the last 23 years, considering only the months of October and as of January 2019.
The base salary maintains nominal annual increases equal to or greater than 6.0%.
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**Interview with Dr. Laura Medina, Labor Economist and Expert on Employment Trends in Mexico**
**Editor:** Thank you for joining us today, Dr. Medina. The latest figures from the Mexican Social Security Institute (IMSS) show that there are over 22 million jobs in Mexico, with a notable increase in employment this October. What does this imply for the overall economic landscape of the country?
**Dr. Medina:** Thank you for having me. The increase of 138,139 jobs in October, making it the second highest monthly increase in 2024, is a positive sign for our economy. It indicates not only resilience but also a gradual recovery post-pandemic. The fact that 86.6% of these jobs are permanent suggests a stabilizing job market, which is crucial for long-term economic growth.
**Editor:** That’s interesting! With over 500,000 jobs created in 2024 so far, which sectors are driving this growth, and why do you think they are performing well?
**Dr. Medina:** The transportation and communications sector, experiencing a 5.5% growth, is leading the way, likely due to the increasing demand for e-commerce and logistics, especially following the pandemic. Additionally, business services with a 1.9% increase reflect a growing need for professional services as companies adapt to a digital-first approach. Both sectors are essential for supporting our entire economy.
**Editor:** It’s also worth noting that the figures highlight specific federal entities, like Mexico State and Oaxaca, showing significant annual growth. What factors contribute to these regional disparities in job creation?
**Dr. Medina:** Regional differences often stem from the level of industrial development, infrastructure investment, and state policies. For example, the State of Mexico benefits from its proximity to Mexico City, which drives demand for various services and labor. In contrast, places like Oaxaca might see job growth in areas like tourism or agriculture. Understanding these dynamics can help tailor policies for sustainable job creation across different regions.
**Editor:** with a 3% growth in permanent positions, what could be the implications for workers in terms of job security and benefits?
**Dr. Medina:** A growth in permanent positions is critical. It provides workers with job security, consistent income, and access to benefits such as social security and healthcare. This not only improves their quality of life but also encourages consumer spending, which is vital for economic growth. a focus on creating sustainable, permanent jobs can help Mexico build a more resilient economy.
**Editor:** Thank you, Dr. Medina, for sharing your insights on these vital economic trends. We appreciate your time and expertise.
**Dr. Medina:** It was my pleasure! Thank you for the opportunity to discuss these important issues.
