Formal job losses in BC could extend until mid-2025, economist estimates.

May 08, 2025

The loss of formal jobs in Baja California could extend into the early second half of this year, estimated economist Jorge Fonseca, after the Mexican Social Security Institute (IMSS) reported a 2.6% decrease in jobs during the first quarter of the year.
The expert considered that formal job creation could recover by July, and that this trend would continue throughout the rest of the year.
Among the factors that have caused the decline in formal job creation are the uncertainty caused by the United States' tariff measures and the constant threats from President Donald Trump, he indicated.
This has halted planned investments in Mexico and is preventing short-term job creation, he added.
On the other hand, Alejandro Arregui, head of the Ministry of Labor and Social Welfare (STPS) in Baja California, acknowledged that jobs have been lost in the state in some sectors, but said that the state government has worked to attract different types of investments.

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