LatinNews Daily - 06 May 2022

In brief: Monthly job creation plummets in Mexico

* Mexico’s national social security institute (IMSS) has released a new report which shows that 5,490 jobs were created in the formal sector in April. This is far fewer than the 64,566 jobs created the previous month and even further below the 178,867 created in February. The IMSS attributed the fall in the number of new jobs to a traditional slowdown in job creation during the month in which Semana Santa Easter festival falls. As of 30 April, IMSS had registered a total of 21.01m jobs, with 391,194 new jobs created so far this year. The economic sectors with the highest annual job growth are transportation and communications (+11.7%), construction (6.1%) and transformation (5.7%).

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