Employment grows and unemployment hits its lowest level in March

With the boost of the secondary sector and with the creation of just over 400 thousand jobs in March, the unemployment rate stood at 2.3 percent, its lowest level since records have been recorded, announced the National Institute of Statistics. and Geography (Inegi).

When presenting the National Occupation and Employment Survey (ENOE), the organization indicated that the employed population in the country reached 59 million 818 thousand 274 people in March, an increase of 414 thousand 335 jobs when compared to the 59 million 403 thousand 939 reported in February.

Compared to March 2023, there was an increase of 799,994 jobs, since at the end of the first quarter of last year the employed population reached 59,18,280 people.

The above led to the unemployment rate standing at 2.3 percent, a lower level compared to the 2.5 percent reported last February and the 2.9 percent that was registered in January of this year.

According to Inegi, when distinguishing by sex, the employment of men was 35.5 million, an increase of 539 thousand people compared to what was reported in March 2023, while for women it was 24.3 million, that is, 261 thousand more than in the same comparison period.

Of the total number of employed people, 41.6 million, equivalent to 69.6 percent, operated as subordinate and paid workers when occupying a position or job, which represented an annual increase of one million people.

In turn, 13 million people, 21.7 percent, worked independently or on their own without hiring employees, which translates into a decrease of 135 thousand people compared to March 2023.

For their part, 3.1 million, 5.3 percent, were employers or employers, a figure that amounted to 49 thousand people, while 2.1 million people or 3.5 percent worked in businesses or on family plots, that is, They contributed directly to the production processes, but without an agreement for monetary remuneration, which meant an annual decrease of 118 thousand people.

ENOE figures indicate that 26.5 million people were concentrated in the services sector, which is equivalent to 44.4 percent of the total; in commerce there were 11.4 million, 19 percent, while in the manufacturing industry there were 10.3 million, 17.2 percent.

Meanwhile, in agricultural activities there are 6.2 million people, 10.4 percent; in construction, 4.6 million, 7.7 percent, and in other economic activities – which include mining, electricity, water and gas supply – there are 424 thousand, 0.7 percent.

A total of 352 thousand people, equivalent to 0.6 percent, did not specify their activity.

By Editor

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