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IMSS Reports Record 22.7 Million Formal Jobs as First-Quarter Hiring Slows

Analysts warn the inclusion of gig‑platform workers is skewing employment growth.

Overview

  • IMSS, Mexico's social security institute, said Wednesday that March added 32,930 jobs and first‑quarter hiring reached 207,604, bringing the total to 22,724,680 registered positions.
  • Job creation in the first quarter fell 8.4% from a year earlier, marking a cooler start to 2026 despite the new high in total registered employment.
  • The new count for app‑based workers lists 155,520 jobs, yet that segment shrank in January, February, and March, which reduced net monthly gains.
  • Banco Base estimated that if platform‑program positions were excluded, March’s annual growth would be about 0.46%, far weaker than the headline pace.
  • Registered employers fell 2.7% year over year in March, or 1,726 fewer, which IMSS attributed to tighter security checks when opening employer records for individuals.