Economics
Mexico’s Job Market Had Its Worst March in 25 Years
- IMSS says country lost more than 130,500 positions last month
- Base salaries still grew due to mandated minimum wage hikes
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Mexico’s employment market had its worst March in a quarter of a century as the global coronavirus pandemic took its toll on Latin America’s second largest economy.
The country lost more than 130,500 jobs in the month from February after the employment market shrank 0.6%, according to a statement from the Mexican Social Security Institute, IMSS.