Mexico | Formal employment continues to recover

Formal employment in Mexico shows a gradual recovery. IMSS data indicate that job creation in September surpassed the previous year, although the pace remains moderate and uneven across sectors. Improved private and public investment is key to strengthening future labor market outlooks.

Key points

• Key points:
• In September, 128,000 formal jobs were created. Cumulative creation from January to September was 410,000 positions, 23% higher than the same period in 2025.
• Total investment grew 5.0% year-on-year in July (3-month moving average), driven by private (3.7%) and public (14.7%) investment, pointing to a favorable outlook for employment.
• By sector, construction led monthly job growth in September (1.35%), while manufacturing contracted (-0.25%) and the agricultural sector fell 5.9% year-on-year.
• Regional gaps persist: annual growth in Baja California (8.2%) and Quintana Roo (6.4%) stands out, in contrast to the weak advance in the West region (1.0%).
• Real wages grew 3.3% year-on-year in September, and the real wage bill grew 4.9%, supporting the purchasing power of workers despite moderate job creation.

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