In February, a 23.7% decline in the creation of new jobs was recorded compared to the previous year, according to the Mexican Social Security Institute (IMSS). Despite the fact that the number of affiliated jobs reached a record 22 million 430 thousand 931, the detailed figures raise concerns about the state of the economy.
In the first two months of 2025, 192,552 new jobs were created, reflecting only a 0.9% growth. While a recovery was highlighted compared to December, in January 119,385 jobs were created, and in February the figure shows a 23.7% decrease compared to the same month in 2024.
The slowdown in job creation raises alarms among experts, as noted by former deputy governor Gerardo Esquivel. The Mexican economy grew by 1.2% in 2024, a figure considered low and influenced by factors such as the approval of government reforms and uncertainty due to the arrival of Donald Trump.
The IMEF Manufacturing and Non-Manufacturing indicators also reinforce concerns in the economic sector. In February, the indicators show a contraction in both the manufacturing and non-manufacturing sectors, indicating a weakness in the expansion of these sectors at the beginning of 2025, according to IMEF.
