26
Mexico
56,690
55,666
51,253
53,225
55,859
Q4
2019
Q2 2020 Q4 2020 Q2 2021 Q4 2021
3.8%
2.9%
4.7%
3.9%
4.2%
Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021
Q4 2021
Total Labor Force (000s)
58,307
Employed Workers (000s) 55,859
Unemployed Workers (000s) 2,449
Unemployment Rate 4.2%
59% - First Vaccine Dose
(December 2021)
Covid Update
Vaccines can not be
mandated by private
companies.
Although the Government
has not mandated
vaccines, it has said that
in order for restaurants
and bars to open at full
capacity, employees and
guests would need to
provide proof of
vaccination.
33%
30%
16%
0%
25%
50%
75%
Employer Tax Profit Tax VAT
Mexico Regional Average
Other Cost Considerations - Tax
Indicative Wages (USD)
$680
$544
$1.08
$0
$5
$10
$0
$2,500
$5,000
Average Wage Manufacturing
Wage
Minimum Wage
Mexico Regional Average
Working Population (in Thousands) Over Time
Unemployment Rate Over Time
Labor Force Statistics
Hiring Demand Trend by Experience Level
TalentNeuron
Year on year inflation was at 7.4% in November.
There will be a 22% increase in minimum wage in 2022.
Monthly Hourly
Key Sources:
https://wageindicator.org/
https://ilostat.ilo.org/
https://www.worldbank.org/
https://tradingeconomics.com/
https://home.kpmg/xx/en/home.html
https://taxsummaries.pwc.com
https://en.www.inegi.org.mx/app/tabulados/default.html?nc=603 /
