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Mexico | Sharp fall in labor income and a slow recovery in the labor market

Published on Tuesday, August 3, 2021 | Updated on Wednesday, August 4, 2021

Mexico | Sharp fall in labor income and a slow recovery in the labor market

In 9 out of 10 households, there was a fall in labor income. The lag in the labor market's recovery prevails, with high levels of unemployment, underemployment and informality, and a slow creation of formal employment.

Key points

  • Key points:
  • Levels of participation in the labor market have not recovered
  • Lag in the recovery of formal employment compared to the rest of the economy
  • The formal employment gap remains at (-) 438 thousand jobs compared to the pre-pandemic level

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