Subgroup (411) - 2024-Q2
The workforce of Traders in Stores during second quarter of 2024 was 3.05M people, whose salary averaged $4.97k MX working around 47.1 hours per week.
The average age of Traders in Stores was 47.7 years. The workforce was distributed in 39.2% men with an average salary of $6.05k MX and, 60.8% women with average salary of $4.28k MX.
The best average salaries received by Traders in Stores were in Baja California Sur ($9.31k MX), Nayarit ($8.76k MX), and Tamaulipas ($8.54k MX) while the workforce was larger in Estado de México (574k), Ciudad de México (247k), and Jalisco (233k).
In terms of industries, the best average salaries were in Legal Services ($35k MX), Foundations, Prefabricated Structures Assembly and Exterior Construction Works ($20.8k MX), and Rental of Household and Personal Goods ($16.6k MX), while the workforce was concentrated on Retail Trade of Groceries and Food (2.7M), Retail Trade of Textile Products, except Apparel (842k), and Retail Trade of Household Furniture and other Household Goods (709k).
66.3% of the total informal workers correspond to women with an average salary of $3.91k MX and 33.7% to men with an average salary of $5.12k MX.
At the level of states, Oaxaca had the highest percentage of informal workers with 86.9% corresponding to 84.9k from 97.7k workers, while the state with the lowest percentage of informal workers was Colima with a 43.3% corresponding to 4.88k from 11.3k workers.
At second quarter of 2024, the people who worked as Traders in Stores were 3.05M being a 0.7% higher than the first quarter of 2024. (3.03M).
In the same period, an average salary of $4.97k MX was observed, registering a drop of 8.43%, compared to the first quarter of 2024 ($5.43k MX).
The states with the highest number of Traders in Stores during the second quarter of 2024 were Estado de México (574k), Ciudad de México (247k), and Jalisco (233k)
Comparing the first quarter of 2021 and the second quarter of 2024, the main positive variations occurred in Estado de México and Veracruz de Ignacio de la Llave with an increase of 30.8k (5.67%) and 16.1k (11%), respectively. On the other hand, the negative variations were accentuated in Puebla and Querétaro with a decrease of 12.2k (7.2%) and 10k (17.4%), respectively.
The states with the best average salaries for Traders in Stores during second quarter of 2024 were Baja California Sur ($9.31k MX), Nayarit ($8.76k MX), and Tamaulipas ($8.54k MX)
Comparing the first quarter of 2021 and the second quarter of 2024, the positive salary growth was higher in Veracruz de Ignacio de la Llave and Puebla with an increase of $1.49k MX (31.8%) and $1.04k MX (25%), respectively. Por otro lado, las variaciones salariales negativas se acentuaron en Baja California Sur and Michoacán de Ocampo with a decrease of $3.47k MX (27.2%) and $2.13k MX (29.6%), respectively.
Average Age 2024-Q2
At second quarter of 2024, the male workforce in Traders in Stores represented the 39.2% of the employed population and women 60.8%. The male and female workforce was higher in the age group 45 to 54 years (283k men and 462k women).
The highest average salary was $7.56k MX received by men from 25 to 34 years, while the lowest average salary was $2.54k MX received by women from 65 to 74 years.
* The data regarding salaries have low statistical precision so it should not be used as conclusions.
Average Schooling in Years (2024-Q2)
At second quarter of 2024 the male workforce in Traders in Stores was higher in the educational segment with 10 to 12 years of schooling (353k), while the female workforce was higher in the educational segment with 7 to 9 years of schooling (549k).
The highest average salary was $7.63k MX received by men with 13 to 15 years of schooling, while the lowest average salary was $3.09k MX received by women with 0 to 3 years of schooling.
* The data regarding salaries have low statistical precision so it should not be used as conclusions.
The visualization shows the distribution of Traders in Stores in different industries and economic sectors.
At second quarter of 2024, the workforce was higher in Retail Trade of Groceries and Food (49.2%), Retail Trade of Textile Products, except Apparel (15.3%), and Retail Trade of Household Furniture and other Household Goods (12.9%).
In the same period, the best average salaries were received in Legal Services ($35k MX), Foundations, Prefabricated Structures Assembly and Exterior Construction Works ($20.8k MX), and Rental of Household and Personal Goods ($16.6k MX).
Labor Informality 2024-Q2
During the second quarter of 2024, the labor informality of Traders in Stores reached a 70.6%, which implied an increase from 0.62 percentage points compared to the first quarter of 2024 (70%).
The labor informality of this occupation was higher than informality at the country level in 16.4 percentage points during the second quarter of 2024.
At second quarter of 2024, the states with the highest rate of labor informality in Traders in Stores were Oaxaca (86.9%), Guerrero (85.7%), and Tabasco (80.8%).
The states with the lowest informality rate were Nayarit (54.5%), Quintana Roo (54%), and Colima (43.3%).
The workforce of Traders in Stores during the second quarter of 2024 was higher in the age group with 45 to 54 years concentrating 746k workers of which 33.4% corresponds to formal employment (249k) and 66.6% to informal employment (496k).
Regarding the schooling years, the workforce was higher in the range with 7 to 9 years of schooling concentrating 870k workers of which 26.3% corresponds to formal employment (229k) and 73.7% corresponds to informal employment (641k).