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Job creation in Mexico in 2014 will exceeed previous year’s gains by forty percent

Job creation in Mexico in 2014 will exceeed previous year’s gains by forty percent

The director of Manpower Latin America that job creation in Mexico will top out at six hundred and fifty thousand new formal sector positions by the end of the current year.

The director of Manpower Latin America that job creation in Mexico will top out at six hundred and fifty thousand new formal sector positions by the end of the current year.

According to projections made by Manpower Latin America, job creation in Mexico will exceed that achieved in 2013 by a margin of forty percent. At the end of December of that year, the Mexican econonomy closed the calendar year having generated four hundred and sixty thousand new formal economy positions.

Monica Flores, the director general of Manpower Latin America, attributes this year’s increase in numbers “to an improved US and national economy,” as well as to a more certain economic environment for Mexican business. Over the course of the 2013, major reforms were debated and passed in the areas of taxation, labor and education and telecommunications. The passage of these reforms, and the business sector’s better understanding of their implications has created an atomsphere of greater certainty in the present year that has encouraged investors to move forward with activities that stimulate job creation in Mexico, thereby creating an environment in which there have been an “increase in the number of hires.”

Manpower’s survey of Mexican business indicate that during the fourth quarter of 2014, twenty-two percent of employers polled indicated that they will continue activities that result in job creation in Mexico, while six percent of respondents indicated that they planned to trim their workforces. Seventy-two percent of Mexican companies that communicated concerning their future plans with Manpower stated that they had plans to neither hire or fire workers during the last quarter of the year.

The survey that Manpower conducted reveals that during the last quarter of they year the sectors that will lead job creation in Mexico will be mining, where thirty-one percent of job growth will take place, and manufacturing, which will contribute to the years’ total job growth with nineteen percent. Additonally, eighteen percent of the third quarter of 2014’s job growth is projected to occur in the transportation sector.

As is often the case in countries with expanding economies, the postions that are most in demand to fill are those for which qualified workers are the most challenging to find. In the case of Mexico these positions would include technicians, maintenance engineers and manufacturing specialists. Internal economic dynamics, as well as increased foreign investment, has accelerated job creation in these areas, specifically, over the last six years.

Read the primary source for this post in its original Spanish at CNN Expansion.

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