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VisitWill new public projects in Mexico start by March 2025?
Yes • 50%
No • 50%
Official announcements from Mexican government regarding public projects
Mexico Loses 405,259 Formal Jobs in December 2024; Net Job Creation Lowest Since 2003
Jan 8, 2025, 01:19 PM
Mexico experienced its largest loss of formal jobs in December 2024 since record-keeping began in 1997, according to data from the Mexican Social Security Institute (IMSS). A total of 405,259 formal jobs were lost in December, including nearly 257,000 permanent positions and over 148,000 temporary ones. This significant decline reduced annual net job creation in 2024 to just 213,933 positions, which is 41% below the 363,000 new jobs economists had forecasted and the lowest for a non-crisis year since 2003. The December job loss represents the worst start for a six-year presidential term. The construction and agricultural sectors were among the most affected. The decline is partially attributed to seasonal factors and the completion of major public works projects. President Claudia Sheinbaum stated that employment levels are expected to recover between March and April with the initiation of new public projects.
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No significant policy change • 25%
Enhanced cooperation with U.S. • 25%
Stricter border enforcement • 25%
Increased domestic drug enforcement • 25%
Negative Response • 25%
Neutral Stance • 25%
Positive Engagement • 25%
Other Outcome • 25%
Yes • 50%
No • 50%
Increased military operations against cartels • 25%
Other • 25%
New drug decriminalization laws • 25%
Stricter border controls • 25%
300,001 to 400,000 • 25%
More than 400,000 • 25%
Less than 200,000 • 25%
200,000 to 300,000 • 25%
Seasonal employment • 25%
New public projects • 25%
Other economic factors • 25%
Private sector growth • 25%