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Mexico stops bleeding jobs, president says, 15,000 added so far in August By Reuters


© Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Mexico City

MEXICO CITY (Reuters) – Mexico has started getting people back to work again in August after losing 1.1 million formal jobs between March and July due to the economic fallout of the coronavirus pandemic, President Andres Manuel Lopez Obrador said on Saturday.

“We’ve stopped losing jobs,” Lopez Obrador said in a video posted on YouTube. “So far in August almost 15,000 new jobs have been created.”

Citing data from Mexico’s Social Security Institute, Lopez Obrador said 1.1 million formal jobs were lost between March and July, with the nadir in April with some 555,000 losses. That slowed to 3,900 formal job losses in July, he said.

The bulk of Mexicans work in the informal economy, and they have borne the brunt of job losses triggered by the pandemic’s effects on Latin America’s second-second largest economy.

The INEGI national statistics agency…

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