Economy & Business - May 2022

MEXICO | Monthly job creation plummets. On 5 May, Mexico’s national social security institute (IMSS) released a new report which showed that 5,490 jobs were created in the formal sector in April. This was 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.