In April, the Mexican Institute of Social Security reported the loss of 47,442 jobs, with temporary positions being the most affected, having 48,807 positions eliminated, in contrast to the 1,365 new permanent jobs reported. Despite the government's claims about the strength of the economy and its projected growth of 0.7% in Gross Domestic Product, the employment data reflects a concerning reality that cannot be overlooked.
"In April, a monthly decrease was recorded influenced by the effect of Holy Week equivalent to a rate of -0.2 percent (annual)," an official statement pointed out. This drop adds to a 51.2% decrease compared to the same period last year in formal sector jobs for the first quarter of the year, which raises questions about the economic future of the country.
The current context, marked by the uncertainty generated by Donald Trump's trade policy and the elections for the Judiciary in June, causes investors to act cautiously. Although indicators such as record tax collection in the first quarter of the year point to a positive scenario, market specialists estimate economic growth between 0.5 and 0.3%, and some even warn about the possibility of a negative outcome by the end of this year. In contrast, the government maintains its forecast of minimum growth of 1.5%, expecting a rebound in the second half of the year thanks to the Mexico Plan, which aims to boost the domestic market.
This morning, the Secretary of Finance and Public Credit (SHCP), Edgar Amador Zamora, reiterated the possibility of greater economic growth thanks to the strategies implemented to stimulate the domestic economy, challenging pessimistic projections and betting on a change of trend in the coming months.
