LatinNews Daily - 29 September 2020

In brief: Mexico’s employment rate continues gradual recovery

* Mexico’s national statistics institute (Inegi) has published new figures which show that the national unemployment rate fell to 5.2% in August, down from 5.4% in July, as 608,000 people returned to work. According to the Inegi figures, of the 12m people that left the economically active population (PEA) in April following the onset of the coronavirus (Covid-19) pandemic, 7.8m were reincorporated by August. Likewise, the number of people employed but absent fell to 2.6m in August from 3.7m in July, after having peaked at 9.5m in April. The construction and agriculture & livestock sectors saw the greatest improvements in terms of employment, with figures now close to those registered in August 2019, while the business sector saw a reduction in employment from 10.7m in July to 9.3m in August. Employment in the informal sector also rose from 27.3m in July to 27.8m in August, after having plunged from 31.1m in August 2019 to 20.7m in April.

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