IMSS

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The Mexican Social Security Institute reported a monthly drop of 29,922 formal jobs in May 2026.

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IMSS data show the average contribution salary hit a record of 663.50 pesos daily in March, up 7.1% nominally. Yet, formal job creation in the first quarter was the weakest in two decades, excluding past crises. This boosts informality and underemployment, analysts say.

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