Overview of Job Creation in Querétaro
In a year marked by low formal job creation, Querétaro’s commerce sector has emerged as the leading employer, adding 2,625 new formal jobs over the past 12 months, according to data from the Instituto Mexicano del Seguro Social (IMSS).
Key Sectors and Their Job Growth
- Commerce: Added 2,625 jobs, representing a 2.1% annual growth.
- Transportation and Communications: Incorporated 2,456 new registrations, reflecting a 5.2% annual increase.
- Agriculture, Livestock, Forestry, Fishing, and Hunting: Created 1,281 jobs, a 5.8% annual growth.
- Social and Community Services: Added 1,007 jobs, a 1.5% annual increase.
- Electricity, Water, and Waste Management: Gained 398 jobs, a 9.5% annual growth.
Declining Sectors and Job Losses
Despite the commerce sector’s growth, other sectors have experienced job losses:
- Construction: Lost 2,753 jobs, a 4.3% annual decline.
- Services for Businesses, Persons, and Households: Reduced by 866 jobs, a 0.6% annual decline.
- Manufacturing Industry: Lost 493 jobs, a -0.2% annual decline.
- Extractive Industries: Reduced by 38 jobs, a -1.7% annual decline.
Overall Job Growth in Querétaro
In the past 12 months, Querétaro generated a total of 3,617 formal jobs, representing a 0.5% growth rate based on IMSS data. This figure is less than one-third of the 12,389 jobs created in the previous period.
At the November cutoff, Querétaro ranked seventh among Mexican states for new job additions.
Key Questions and Answers
- Which sector in Querétaro has seen the most job growth? The commerce sector has added 2,625 jobs over the past year.
- What is the overall job growth rate in Querétaro? The state has experienced a 0.5% growth rate in formal job creation.
- Which sectors have experienced job losses in Querétaro? The construction, services for businesses and households, manufacturing, and extractive industries have all reported job losses.
