Mexico formal employment, Digi Mart USA News (Mexico): Mexico reached 23,088,353 formal jobs registered with the Mexican Social Security Institute (IMSS) in October, the highest figure in the country’s history, President Claudia Sheinbaum said during her morning press conference.
Between September and October, 161,000 formal jobs were added, an increase of 0.7 percent. So far this year, growth stands at 571,277 jobs, or 2.5 percent more than in January.
Compared with October 2025, the increase is 1.3 percent.
Formal employment refers to workers whose employers register them with the IMSS, giving them social security coverage including medical services, disability benefits and retirement savings.
Sheinbaum said Mexico is “doing well in all economic areas,” pointing to the Bank of Mexico’s (Banxico) interest rate cut as evidence.
In a separate event in Tuxtla Gutiérrez, Chiapas, Sheinbaum handed over 56 homes from the Infonavit housing agency at the Los Poetas development, along with 311 credit settlement certificates from Fovissste, as part of the Housing for Well-Being Program. The program plans to build 70,500 homes in Chiapas, with an investment of 42,300 million pesos to benefit 254,000 people, according to Secretary of Agrarian, Territorial and Urban Development Edna Elena Vega Rangel.
Infonavit director general Octavio Romero Oropeza said the 400 homes built at Los Poetas sold out in three days, and that 100 more are expected to be delivered in the coming days. The institute’s Chiapas target is 34,000 homes, with an investment of 21,000 million pesos, and he said progress would reach 92 percent by year’s end.
The debt restructuring is expected to benefit 44,000 families in the state.
Sheinbaum also said 13 million older adults and 3 million women aged 60 to 64 receive a pension, more than 500,000 people take part in the Sembrando Vida program, and 2 million farmers receive free fertilizer and production support.
On Saturday, November 7, Sheinbaum also inaugurated the Rizo de Oro bridge, a 2-kilometer structure in La Concordia, Chiapas, which Infrastructure, Communications and Transportation Secretary Jesús Antonio Esteva Medina said generated more than 5,700 jobs during construction. The bridge is expected to benefit more than 300,000 residents of 10 municipalities and 21 communities, cutting travel times by up to two and a half hours.
