Thursday, July 31, 2025

269,000 new jobs created in first quarter, making it the best in 10 years

The number of jobs created in the first quarter of this year was the highest in 10 years, President López Obrador said today.

“According to IMSS [the Mexican Social Security Institute], the number of insured workers grew in the January-March quarter – 269,143 jobs were created. The figure represents an increase not seen for 10 years in a similar period,” the president told reporters at his morning press conference.

López Obrador said the job numbers are indicative of a growing economy, adding that the government remains confident that economic growth will exceed the figures forecast by analysts for 2019.

“The bet is on with the experts, the banks, the financiers, who have forecast that we’re going to have lower growth than what we’re estimating,” he said.

“We accept the challenge and we’ll be here watching [the economic data] . . . We’re going to win.”

The International Monetary Fund (IMF) last week lowered its growth forecast for this year to 1.6% from the 2.1% predicted in January, while the Bank of México also cut its mean outlook to 1.6% in February.

The Secretariat of Finance and Public Credit (SHCP) said earlier this month that it expected the economy will grow between 1.1% and 2.1% this year but López Obrador quickly rejected his own government’s figures, stating that they were too low.

The federal government says that it is targeting average 4% growth during its six-year term, a figure considered fanciful by most analysts.

Source: El Financiero (sp) 

Have something to say? Paid Subscribers get all access to make & read comments.
Tijuana beaches

No damages reported from tsunami effects; 8 ports remain closed

2
The president ruled out damages but warned of rising sea levels along Mexico’s Pacific coast after an 8.8-magnitude earthquake in Russia prompted a tsunami warning on Wednesday morning.
aerial tram transport

Not just in CDMX: Oaxaca announces aerial cable car network to boost transportation and tourism

0
Oaxaca is following the leads of Mexico CIty and México state by offering aerial cable cars to move locals and tourists to and from key points in the metropolitan area.

MND Local: San Miguel de Allende news roundup

1
July brought expanded tourism, the Guanajuato International Film Festival and heavy rains to San Miguel de Allende.
BETA Version - Powered by Perplexity