Mexican President Says Jobs Gained Back in August, Reversing Trend of Losses

Mexico ranks third worldwide for most coronavirus fatalities, with a death toll of 55,908, and its economy is expected to shrink this year as much as 10 percent or more.

RIO DE JANEIRO, BRAZIL - Mexico added back 52,455 jobs in August, President Andres Manuel Lopez Obrador said on Saturday, hailing the news as a sign of recovery after the country lost more than 1 million jobs in the formal economy due to the coronavirus pandemic.

“This is a good indicator. ... We’re going to move ahead in spite of everything because we’re working in a professional manner,” he said in a video on Twitter, citing data from the Mexican Social Security Institute (IMSS) on employees registered with the institute.

IMSS said last week that 3,907 jobs were . . .

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