Twelve million Mexicans have lost their jobs since March as part of the economic fallout from the coronavirus, and the number of people working in the informal sector shot up significantly, official data showed on Tuesday.
The economic participation rate was 47.4per cent in May, national statistics agency INEGI said. The rate, which measures the percentage of the working-age population in the labor market, compares to 47.5per cent from the previous month and 60.2per cent in May 2019."The downward variation of 12 million economically active people compared to March was maintained, due to the temporary work suspension caused by the social distancing measures," INEGI said.
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