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MEXICO: Itaú Sees Still Tight Labour Market, Some Deceleration At Margin

MEXICO
EM BulletMexicoBulletEmerging Market NewsNorth America
  • Itaú says that the data released today once again continues to reflect a tight labour market, with a below historical average unemployment rate and a wage bill still growing in real terms.
  • However, employment growth is decelerating, mainly in the construction and transportation sectors, both associated with the finalisation of government infrastructure projects.
  • Not much has significantly changed in employment data in recent months, which should continue to challenge a more robust service disinflation ahead.
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  • Itaú says that the data released today once again continues to reflect a tight labour market, with a below historical average unemployment rate and a wage bill still growing in real terms.
  • However, employment growth is decelerating, mainly in the construction and transportation sectors, both associated with the finalisation of government infrastructure projects.
  • Not much has significantly changed in employment data in recent months, which should continue to challenge a more robust service disinflation ahead.