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Names, names and names | In 2022 maximum 630,000 jobs, inertial 2023, limited wages and unbridled informality – El Sol de México

One of the most painful files left by the pandemic and added to the mistrust and lack of investment generated by the policies of the president’s government Andres Manuel Lopez Obradoris that of employment.

The creation in August of 157,432 jobs in the IMSS of Zoe Robledo. Very good record, but he came from a July with only 10,726 positions.

The accumulated figure for the eighth month reached 616,718 places. If it is considered that since February the pre-pandemic level had already been recovered, let’s say that what has continued is growth.

Even so, the progress of formal employment is negative in the six-year term: in 2019 the generation was just 342,077 jobs. For 2020, 647,710 positions were lost and in 2021 they were partially recovered with 846,466.

The AMECH shows, however, that the rate of formal employment is heading towards the average of the last 15 years, which is 645,000 positions per year.

Hector Marquez The president of that group estimates that in 2022 some 630,000 jobs will be generated. And it is that the last quarter is coming in which areas such as construction, or some branches of the industry begin to lay off personnel, in addition to the fact that the US is in a tailspin.

In the labor market there are also great contrasts, with tourism on the rise but not construction or services.

For 2023, with a GDP that will barely grow 1.2%, it will be a challenge to maintain the pace. In addition, with inflation and the problems of SMEs, salaries in the formal market will not improve. In other words, precariousness will continue and informality, which today means 31 million jobs, will continue to advance (the formal ones are 21.5 million).

Márquez points out that informality “is the cancer of employment” and he is right, in addition to the fact that to date there are no concrete measures to limit it. So nothing to brag about.

VULCAN STRENGTHENS ITS CAUSE VS MEXICO AND RESOLUTION AT THE END OF THE YEAR

beyond that Thomas Hill, helm of the American Vulcan did everything possible to unlock the closure of Calica, it seems that everything will depend on an arbitration in the field of NAFTA that has already been 5 years old and whose course is expected by the end of the year with possible millionaire sanctions vs. Mexico. On September 16 there was news. As it is public, the court called on the government for AMLO to stop his media attack against the company that extracts limestone in the Playa del Carmen area. So far this year he has attacked the firm 26 times. But even more relevant is that Vulcan managed to include the closure of its properties in the file as an aggravating circumstance. By the way, the matter is no longer in the field of Economics of Tatiana Clouthierbut is carried out by the legal department of the Presidency via Rene Sanchez Galindo. He is the husband of Ana Garcia Vilchiswhose task is to deny the journalists in the morning.

YUCATAN AND SINALOA RAISE THEIR HAND TO AUDIT CANACINTRA

A couple of delegations have already formally requested Jose Antonio Centeno national president of Canacintra conducting audits of the management that he led Enoch Castellanos, this in order to clarify the doubts that exist in the organism. One is Yucatan that commands Jorge Abel Charruf and the other from Sinaloa via Sergio Antonio Alvarez. Castellanos said he was open to the scrutiny being carried out.

STRONG FED ADJUSTMENT TO GDP 2022 AND MORE RISK FOR MEXICO

To readjust expectations. The Fed’s Jerome Powell not only did it raise the rate by 75 basis points, but it anticipated further increases to bring it to 4.4% at the end of the year. In addition, the estimate for GDP growth in 2022 was adjusted to just 0.2%, more pessimistic than the market, and for 2023 to 1.2%. Remember that if the US gets the flu, Mexico gets pneumonia.

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