Automotive Industry Boosts jobs in Central Mexico
Hiring expectations are improving for the last quarter of the year, both nationwide and in the central region; however, they appear to be influenced by temporary employment.
In the central region of the country, this optimism stems from the restructuring and recovery of the automotive industry, as well as the demand for personnel at service centers, technology centers, and logistics centers, noted Beatriz Robles, Manpower’s director for Latin America.
According to reports, the region's outlook could be strongly driven by two factors. First, the automotive sector is showing signs of recovery, as is the shared services sector, which could also boost the industry.
Employers in the region report a Net Employment Outlook (NEO) of 44% for the fourth quarter of the year, an increase of 24 percentage points compared to the previous quarter, according to ManpowerGroup’s Employment Outlook Survey (EOS). Among the seven regions covered by the study, the Central and Southern regions share the second-best NET, trailing only the 49% recorded by the Northeast.
The center's TNE exceeds the national trend of 41% for the same quarter, showing an improvement compared to other periods when the region's TNE was below average.
According to the EOS, 53% of companies in the region plan to increase their headcount, 9% expect to reduce it, 36% do not expect to make any changes, and 2% are unsure whether they will make changes during the fourth quarter.
Nationwide, 53% of employers plan to increase their workforce between October and December, 12% plan to reduce it, 33% do not expect to make any changes, and 2% of employers are unsure whether they will make changes or not; the national net employment rate (TNE) is 41%, 13 percentage points higher than last year and last quarter.
The consulting firm estimated that between 150,000 and 250,000 jobs will be created in the country this year, taking into account December's job losses; it noted that this is a conservative estimate compared to the Bank of Mexico's projection (220,000 to 400,000).
