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Mexican president says jobs gained back in August, reversing trend of losses

EconomyAug 15, 2020 11:45PM ET
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© Reuters. FILE PHOTO: Mexico's President Andres Manuel Lopez Obrador attends a news conference at the National Palace in Mexico City

MEXICO CITY (Reuters) - Mexico added back 52,455 jobs in August, President Andres Manuel Lopez Obrador said on Saturday, hailing the news as a sign of recovery after the country lost more than 1 million jobs in the formal economy due to the coronavirus pandemic.

"This is a good indicator. ... We're going to move ahead in spite of everything because we're working in a professional manner," he said in a video on Twitter, citing data from the Mexican Social Security Institute (IMSS) on employees registered with the institute.

IMSS said last week that 3,907 jobs were lost in July due to the pandemic, adding to 1.1 million jobs lost between March and June.

Mexico ranks third worldwide for most coronavirus fatalities, with a death toll of 55,908, and its economy is expected to shrink this year as much as 10% or more.

Mexican president says jobs gained back in August, reversing trend of losses
 

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Comments (4)
Freeload Twentytwenty
Freeload Twentytwenty Aug 16, 2020 12:16AM ET
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Drug lords are hiring more Taco labors .... isn't that a good news?
ROBERT MARTINEZ
ROBERT MARTINEZ Aug 16, 2020 12:16AM ET
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as long as you GRINGOS keep buying "tacos" Mexico Will keep slanging it to you.. you guys love it!!!
Di Did
Di Did Aug 15, 2020 10:19PM ET
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Doing a lot better with this President. Congratulations
Fabio falec
falec Aug 15, 2020 7:16PM ET
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People have been forced to stop work due to the lockdown. After the lockdown jobs have not been created, someone managed to have back to the previous job.
Shreekanth gentyala
Shreekanth gentyala Aug 15, 2020 7:16PM ET
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you said right
Youdontneed Toknow
Youdontneed Toknow Aug 15, 2020 6:47PM ET
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Unemployment is slowing down as the unemployed are dying from the virus. Same strategy as in Brasil.
 
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