Significant Job Growth in Mexico Despite Caution

Recent reports show that Mexico has experienced mixed job growth, with an annual increase in salary base and a stable job market. However, companies display caution in recruitment amidst external factors.


Significant Job Growth in Mexico Despite Caution

According to the Mexican Institute of Social Security (IMSS), federal entities such as Hidalgo, State of Mexico, Chiapas, and Nuevo León have experienced annual increases in their base contribution salaries exceeding 3 percent. By January 2025, the average base salary for affiliated jobs reached 617.6 pesos, representing a nominal annual increase of 7.7 percent, the fifth highest recorded in the last 23 years for that same month.

In the words of David Centeno, deputy director of strategic planning at OCC, it is highlighted that the salary offer has remained stable, which is a positive sign amid the recent recruitment slowdown. It is noted that the salaries offered in 2024 have remained stable throughout 2025, focusing on salaries from 10,000 to 20,000 pesos, which represent the majority of the published offers.

During January 2025, 73,167 formal jobs were generated, showing an increase of 0.3 percent, the lowest figure in the last nine years excluding data from the pandemic years. In the last 12 months, a growth of 178,139 jobs was observed, with an annual percentage of 0.8 percent. Of the 22 million 311 thousand 546 jobs registered with the IMSS, 86.8 percent are permanent and 13.2 percent are temporary.

The sectors of commerce, transportation, and communications, business services, and electricity have shown the highest annual percentage growth in job creation, according to the IMSS report. David Centeno indicated that caution in job creation during January reflects uncertainty due to external factors, such as the threat from the United States to impose tariffs on Mexico, which has prompted companies to be cautious in their hiring for 2025.