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Mexico’s Formal Jobs Hit April Record as IMSS Logs 23,923 New Positions

IMSS said recent drops in employer registry counts reflect administrative cleanups, not company shutdowns.

Overview

  • IMSS, which reported Friday, counted 22,748,603 insured jobs at April 30 after a monthly gain of 23,923, with year‑to‑date creation at 231,527.
  • The average registered wage reached a record 664.5 pesos per day, a 6.9% annual increase that points to steady pay gains for formal workers.
  • Digital platforms now shape headline figures, with 1,717,756 people registered and 159,479 earning enough to access all IMSS benefits, as April added 3,959 platform-linked jobs.
  • Analysts note platforms have lifted growth rates, and EL CEO citing Banco Base estimates roughly four in ten recent platform positions drive the uptick compared with stripping them out.
  • Employer registries fell 0.1% month over month and 2.7% year over year to 1,019,230, which IMSS and Conasami say reflects data housekeeping like merging, closing construction-site records, or removing duplicates rather than firms shutting down.