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CITY OF MEXICO (Expansión) –
Employment in Mexico is experiencing one of its best moments, but the population needs and is willing to work longer to get a higher income.
In this situation is 7.1% of workers, the underemployed population, which increased compared to last year despite the fact that the unemployment rate fell to 3.2% in May , its lowest level since May. 2006, according to seasonally adjusted data from the survey of employment and employment of the National Institute of Statistics and Geography (Inegi).
This means, that the proportion of people with the need and the availability to work exceeds what they currently do, they do it is larger compared to the fifth month of 2017, whereas It was at 6.8%.
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mainly among workers with a higher level of education (high school, college, and college), which shows the lack of workspaces for the most skilled workers.
] The data reflect weak economic growth due to low public and private investment, as well as jobs that depend mainly on the informal sector and low-paying formal jobs, said Rodolfo de la Torre, director of social development with equity The higher the rate of underemployment, the more the population has jobs in the short term (by project, temporary) or in adverse conditions and contrary to what they have sought; The hours they work are less than a typical day, la Torre added.
National Monthly Underemployment Rate (%)
Source: INEGI survey on employment and employment
Inegi defines the active population as persons aged 15 and over who, during the reference week, had an economic activity lasting at least one hour, which is not enough to have an image of the labor market, according to the International Labor Organization (ILO).
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"Estimates of employment and unemployment do not fully describe the performance of the labor market, especially in developing countries, unemployment support limits the unemployed, who are forced to carry out marginal economic activities, "says the ILO in its guidelines for measuring underemployment.
At the macroeconomic level, the underutilization of available working hours hinders the improvement of labor productivity, which is complemented by gains in efficiency in the production process.
In Mexico, productivity has not achieved substantial growth despite the fact that the unemployment rate tends to decline after the 2009 global financial crisis.
