Overview
- INEGI’s ENOE reports the economically active population at 62.1 million with 1.8 million unemployed, marking a third consecutive monthly increase in unemployment and a 3.70% urban rate, the highest since July 2023.
- The labor market generated 797,353 jobs in September, recouping about 61% of August’s 1.3 million loss and bringing year-to-date job creation to 923,311, roughly 77% of the annual target.
- Informality reached 54.9%—about 33.1 million workers—with only 38% of new entrants taking formal posts, while underemployment rose to 7.3% or 4.4 million people.
- Sectoral dynamics were uneven: services and commerce added about 945,000 positions and agriculture gained nearly 227,000, whereas industry shed roughly 513,000, including about 499,000 manufacturing jobs.
- Economists highlight stagnation in formal hiring, and a ManpowerGroup survey shows 39% of firms plan no staffing changes and 16% expect cuts in the final four months of the year.