EconomyWorking poverty in Mexico decreases in the second quarter

Working poverty in Mexico decreases in the second quarter

Despite the fact that inflation in the second quarter of the year was 7.8%, the percentage of people in working poverty fell, according to a Coneval report released this Friday.

In the first quarter of the year, working poverty was 38.8% and in the second quarter it dropped to 38.3%. The same data, but from the second quarter of 2021 it was 39.9%.

“The annual decrease in working poverty in the second quarter of 2022 is mainly due to a greater number of employed people who pay for the increase in household disposable income. However, this increase in employment is concentrated in jobs whose salary range is at less than a minimum wage,” Coneval said in a statement.

Despite the data, working poverty at the national level in the second quarter of 2022 is still higher than the percentage that existed before the start of the pandemic in the first quarter of 2020, when it was 36.6%.

Coneval highlighted that among the products that have risen the most in price and that affect rural communities are the price of tomatoes, food and beverages consumed outside the home, as well as corn tortillas. In urban communities, the increase in the price of white and red eggs also affected prices.

The entities with the highest percentage of working poverty in the second quarter of 2022 were Chiapas, Guerrero and Oaxaca with 66.8%, 62.5% and 59.1%, respectively. While the entities with the lowest percentage of working poverty were Baja California Sur, Baja California and Jalisco with 15.8%, 19.5% and 22.9%, respectively.

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