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

Olas Altas Beach stands under a red flag

Puerto Vallarta issues red flags across key tourist beaches

Eight Puerto Vallarta beaches flew red or mixed flags on Feb. 20 as lifeguards warned...
Playa del Carmen home demand is turning more permanent

Playa del Carmen home demand is turning more permanent

More buyers are moving to Playa del Carmen to live year-round, nudging developers beyond vacation...
Los Cabos courts Gulf travelers with premium air plans

Los Cabos courts Gulf travelers with premium air plans

Los Cabos is targeting higher-spend visitors and keeping Emirates talks alive as it plans longer-term...
kovay

Mexico probes Kovay Gardens resort after US sanctions

Mexico’s FGR and UIF are investigating Kovay Gardens near Puerto Vallarta after U.S. sanctions tied...