LatinNews Daily - 15 June 2020

* Mexico’s social security institute (IMSS) has published figures indicating that 344,526 formal sector workers lost their jobs in May, which it attributes to the effects of the public health emergency declared by the government in late March to contain the coronavirus (Covid-19) pandemic. Added to the 555,247 formal jobs lost in April, the number of formal jobs lost in the past two months now totals just under 1m. But if the 198,033 formal jobs lost between 13 and 31 March are included, then over 1m have been lost since the start of the health emergency in Mexico. These worrying statistics follow the publication on 1 June of the latest employment survey (Etoe) figures from the national statistics institute (Inegi), according to which the open unemployment rate increased by 1.4 percentage points to 4.7% in April, while the working population (which includes formal and informal workers) diminished by 12.5m.

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