Publications

Formal employment in Mexico remained stagnant in September, posting a 0.05% monthly and 0.4% annual increase. Weak investment and sluggish consumption continue to constrain job creation, while manufacturing and construction sectors continue to contract.

Cantabria's GDP is projected to have grown by 2.9% in 2024, and is expected to increase by 2.0% in 2025 and 1.6% in 2026. Going forward, the economy's development will be marked by high uncertainty regarding economic and tariff policies and the slow recovery in Europe.

Formal employment reached a record high in July 2025 due to the incorporation of digital platform workers. Excluding this effect, there was a net destruction of jobs, in a context of declining investment and weak consumption.

Reliable statistics are essential to guide economic and social development. Their value rests on principles such as impartiality and transparency, which sustain public trust. Institutional changes and recent cases highlight the need to protect technical independence and methodological accuracy for useful, credible data.

The national unemployment rate for May 2025 was 9.0%, lower than 10.3% a year ago and the lowest for a May in the last 24 years. Seasonally adjusted, the rate showed a decreasing trend between June 2024 and April 2025 and was around 9% in the March-May 2025 period.

Despite rising uncertainty and early signs of cooling, the U.S. labor market remains broadly balanced, driven by services, stable participation, and moderated wage growth. However, risks from policy shifts and slower job openings are building.

In February, formal employment in Mexico slowed down due to uncertainty stemming from potential U.S. tariffs, negatively impacting business and consumer expectations. Nevertheless, real wages and the real wage bill continue to support consumption.