2024-07-12 08:59:13
After it was announced that our country lost more than 29 thousand jobs during May, Citibanamex projected that by the end of this year Mexico will have an increase of 2.3% in the sector to reach 490 thousand jobs (in the cumulative total from December to December).
He anticipated that with the salary there will be an advance of 4.5% and the salary mass of 6.4%, while in USA There was also a relaxation of the conditions of the working market, which would allow a cut to the rates in september.
During June, the economy The US added 206,000 new jobs, above the consensus but lower than the 218,000 in the previous month.
With the unemployment rate on the rise, at 4.1%, the moderation in annual growth of the
salaries, and expectations of disinflationmembers of the Fed could make a first
cut of 25 basis points during September.
Average hourly wages grew 0.29% at a monthly rate, which implied an annual growth of 3.9% from the 4.1% from the previous month.
Expectations of a first interest rate cut by the Fed are growing Fed in September.
“We anticipate that the interest rate will close the year in a range of 4.75%- 5.00 (with a 25-point cut in September and December, with a pause in November).”
Last Friday, the IMSS reported the largest job loss since June 2020 (the year of the pandemic) by reporting 22 million 319 thousand 444 positions, an increase of 2%, but a loss of 29 thousand 555 jobs compared to the previous month. /Emanuel Mendoza
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2024-07-12 08:59:13