Industry consolidates its position as the first employment generator

Mexico.- According to figures from the Mexican Social Security Institute (IMSS), the industrial sector consolidated its position as the main employment generator, by registering 503,423 new jobs between January 1st and June 30th this year. The total number of jobs registered with IMSS went from 15 million 202 thousand 426 in December 2001 to 15 million 705 thousand 849 in June, the highest figure ever registered with the Institute. This situation gains importance when considering difficulties abroad, such a drop in orders sent to Mexican exporters, encouraged by the Argentinian and Brazilian protectionism and competition against Asian manufactures, entailing the entrance of undervalued goods. After Manufacturing, construction industry ranked second in employment generation in Mexico, by registering 1 million 282 thousand 451 jobs. “Taking into consideration the current situation and the new Administration to start soon, reducing country-cost is of the utmost importance, in order to attract more investment to the industry and strengthen global chains of supply”, Francisco J. Funtanet, Chairman of the Mexican Confederation of Industrial Chambers, Confederacion de Camaras Industriales de los Estados Unidos Mexicanos (CONCAMIN), declared.