Background on the Mexican Social Security Institute (IMSS)
The Instituto Mexicano del Seguro Social (IMSS) is a Mexican government agency responsible for administering social security programs, including pensions, disability, and retirement benefits. It plays a crucial role in monitoring employment trends within Mexico.
June Employment Figures and Trends
According to the IMSS, formal employment saw a significant decline of 46,378 jobs in June, marking the largest drop in over a decade—excluding the impact of the pandemic. This trend has continued throughout the first half of 2025, with a total of 87,287 new jobs created—a staggering 70.4% decrease compared to the same period in 2024.
State-wise Employment Performance
Out of Mexico’s 17 states, 17 reported negative employment growth in June. Tabasco led the list with a -8.7% change, followed by Campeche (-6.3%), Zacatecas (-3.3%), and Sinaloa (-2.7%).
Sector-wise Employment Performance
The construction sector experienced a -8.2% decline, extractive industries saw a -4.6% decrease, and the agropecuario sector faced a -1.2% reduction.
Current Employment Landscape
As of June 30, 2025, there are approximately 22 million job positions recorded. Of these, 87.5% are permanent roles, while an unusually high 125% are classified as eventual or temporary positions.
Average Salary Base for Cotization
The average salary base for cotization affiliated with the IMSS reached 628.8 by the end of June 2025. The IMSS reported that this salary has seen a nominal change of 7.5% annually, making it the fifth-highest annual nominal change in the past twenty-three years—specifically focusing on June data and since January 2019.
Key Questions and Answers
- What is the IMSS, and why is it relevant? The IMSS is a Mexican government agency responsible for administering social security programs. Its employment data provides crucial insights into the country’s job market trends.
- How many jobs were lost in June 2025? Over 46,000 formal jobs were lost in June 2025.
- What is the overall employment growth for H1 2025 compared to H1 2024? The employment growth for the first half of 2025 is 70.4% less than that of the same period in 2024.
- Which states had the most significant employment declines in June? Tabasco (-8.7%), Campeche (-6.3%), Zacatecas (-3.3%), and Sinaloa (-2.7%) experienced the most substantial employment declines.
- Which sectors faced the most significant employment reductions in June? The construction sector (-8.2%), extractive industries (-4.6%), and agropecuario sector (-1.2%) experienced the most significant employment reductions.
- What is the current distribution of job positions in Mexico? As of June 2025, there are approximately 22 million job positions, with 87.5% being permanent and an unusually high 125% classified as eventual or temporary.
- What is the average salary base for cotization affiliated with the IMSS as of June 2025? The average salary base for cotization affiliated with the IMSS reached 628.8 by the end of June 2025.
