Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

58 Percent of Mexico’s workforce is in the informal economy

A new study finds that about 58 percent of jobs in Mexico are in the informal sector including categories such as unregistered vendors, artisans and domestic workers.

But the study released by the National Statistics Institute on Tuesday says that the informal sector generated only about 23.6 percent of the nation's GDP in 2015. That represents a decline from about 27.2 percent in 2003.

The most common activities are construction work, small-scale manufacturing and selling products at informal markets or street stalls.

Formally registered jobs account for only about 42 percent of employment in Mexico. But . . .

Read Full Story

Related Posts

Malecón sales slump

Puerto Vallarta Shops Face 30% Sales Drop As Tourism Struggles

Canaco-Servytur says Puerto Vallarta businesses saw sales fall about 30% after February 22 security incidents...
Profepa Closes Work Sites to Protect Vallarta Turtle

Profepa Closes Work Sites to Protect Vallarta Turtle

Profepa ordered temporary closures on two Puerto Vallarta properties after finding work affecting a nesting...
puerto vallarta airport

Puerto Vallarta Airport Recovery Claim Meets Weak Data

Puerto Vallarta airport traffic fell sharply in April, even as officials point to new routes...
Why Mexico Rejected a Major Cruise Tourism Project in Quintana Roo

Why Mexico Rejected a Major Cruise Tourism Project in Quintana Roo

Mexico rejected Royal Caribbean’s Mahahual project after environmental review and public opposition raised questions about...