The Slow March of Formal Employment
As of the end of February, formal employment creation in Mexico remained weak but showed signs of improvement, partly due to the registration of beneficiaries from the digital platforms reform.
As of the end of February, the creation of formal jobs affiliated with the Mexican Social Security Institute (IMSS) showed signs of improvement despite remaining weak. Reports indicated that by February 28, 2026, there were 22,528,000 registered formal jobs, marking the highest figure for February and the fifth highest for any month. This reflects a positive trend as the economy adjusts and recovers from previous downturns.
In February alone, 158,000 formal jobs were created, contributing to a total of 217,000 new job positions during the first two months of the year. The data indicates a cautious optimism, seen in the gradual rise of employment figures. Yet, the growth remains modest, with a total increase of 97,000 jobs over the last 12 months, translating to an annual growth rate of just 0.4%. This slow increase prompts ongoing concern about the overall health of the job market in the face of economic uncertainties.
Overall, while the formal employment numbers are improving, the growth rate continues to suggest challenges ahead. The reported employment figures indicate efforts are being made to support job creation, particularly through the reform targeting those benefiting from digital platforms. However, sustainable job growth will depend on broader economic stability and effective policy initiatives that encourage further employment expansion in Mexico.