Synopsis


Mexico is facing one of its biggest economic crises, the supply shock induced by the health crisis has had a serious impact on employment demand. The stoppage of activities, however, can create greater income differences among Mexicans since, from the analysis of formal employment, it can be seen that just over 92% of the accumulated loss of jobs between January and May 2020 is concentrated in jobs with wages less than or equal to 3 Units of Measurement and Update (UMA for its acronym in Spanish), that is to say, up to 7,923.45 pesos per month. On the other hand, jobs with a higher income level present non-significant losses in comparison to the whole.

July 2020

The economy in a critical condition: The collapse of employment

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