Mexico registers historic record 26.6 million formal jobs | IMSS

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Director Mexican Institute of Social Security (IMSS), Zoe Robledostressed this Friday that there is a historical record of more than 26.6 million formal jobs there are 619,252 positions in the country after creation this year.

“The good news is that as of November 30, 2024, the number of jobs associated with IMSS is 22 million 643 thousand 638, which is again a record high. the highest figure recorded in history“Robledo said at the morning conference of President Claudia Sheinbaum.

The official said 24,696 jobs were created in November, the equivalent of one annual growth of 1% in the first 11 months of the year.

The IMSS director also emphasized that there are more 9.1 million women registered with formal employment, so they now account for 40% of total employment.

On the other hand, he argued that “not only” the “quantity but also the quality of these jobs” has increased, citing Increase in average salary by 9.2% year on year price up to 584.1 pesos per day.

He attributed this to the government’s minimum wage policy Andres Manuel Lopez Obrador (2018-2024) and Sheinbaum, who announced on Wednesday Increasing the minimum wage by 12% by 2025.

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“This has a lot to do with “Fourth Transformation” policy“There is widespread recognition around the world of minimum wage increases and how these minimum wage increases increase average wages,” he said.

And he pointed out that Of the current jobs, 86.6% are permanent. and the rest is temporary, which he attributed to López Obrador’s reform banning the subcontracting or “outsourcing” of labor.

IMSS explains how raising the minimum wage will benefit your contribution

The basic salary is 584.1 pesos per day. Over the past 12 months, it has increased by 49 pesos or 9.2%. further. What happens is that the salary grows with the deposit percentagethese are the weeks during which the contribution is made to receive pension due to old age, disability or the beneficiary of the insured person losing his life.

Currently there are two modes under which employees can retire, under regime 73 or under the 1997 Act. If you started your working life under the Social Security Act 1973, then you must contribute to IMSS for at least 500 weeks, which is 10 years.

On the other hand, if you were admitted under the Social Security Act 1997, you had to prove a minimum of 1,250 weeks, which is about 25 years of formal work.

Increasing the minimum wage increases the contribution, which is what workers earn.

According to EFE

Source: Aristegui Noticias

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