Subgroup (420) - 2024-Q2
The workforce of Managers and Supervisors Product Sales and Financial Services and Rental during second quarter of 2024 was 263k people, whose salary averaged $8.39k MX working around 47.1 hours per week.
The average age of Managers and Supervisors Product Sales and Financial Services and Rental was 37.6 years. The workforce was distributed in 52.6% men with an average salary of $9.08k MX and, 47.4% women with average salary of $7.62k MX.
The best average salaries received by Managers and Supervisors Product Sales and Financial Services and Rental were in Baja California Sur ($13.8k MX), Coahuila de Zaragoza ($12.4k MX), and Nayarit ($11k MX) while the workforce was larger in Estado de México (23.3k), Veracruz de Ignacio de la Llave (21.6k), and Jalisco (21k).
In terms of industries, the best average salaries were in Metallic Ore Mining ($40k MX), Water Collection, Treatment and Supply ($37k MX), and General Public Administration ($24k MX), while the workforce was concentrated on Retail Trade of Groceries and Food (79.6k), Retail Trade of Hardware and Glass (43k), and Retail Trade of Health Care Items (35.6k).
62.6% of the total informal workers correspond to women with an average salary of $4.58k MX and 37.4% to men with an average salary of $7.91k MX.
At the level of states, Hidalgo had the highest percentage of informal workers with 54.8% corresponding to 2.07k from 3.78k workers, while the state with the lowest percentage of informal workers was Sonora with a 0.99% corresponding to 117 from 11.8k workers.
At second quarter of 2024, the people who worked as Managers and Supervisors Product Sales and Financial Services and Rental were 263k being a 4.76% lower than the first quarter of 2024. (276k).
In the same period, an average salary of $8.39k MX was observed, registering an increase of 11%, compared to the first quarter of 2024 ($7.56k MX).
The states with the highest number of Managers and Supervisors Product Sales and Financial Services and Rental during the second quarter of 2024 were Estado de México (23.3k), Veracruz de Ignacio de la Llave (21.6k), and Jalisco (21k)
Comparing the first quarter of 2021 and the second quarter of 2024, the main positive variations occurred in Veracruz de Ignacio de la Llave and Puebla with an increase of 11.6k (117%) and 7.36k (160%), respectively. On the other hand, the negative variations were accentuated in Estado de México and Nuevo León with a decrease of 19.7k (45.8%) and 6.12k (36%), respectively.
The states with the best average salaries for Managers and Supervisors Product Sales and Financial Services and Rental during second quarter of 2024 were Baja California Sur ($13.8k MX), Coahuila de Zaragoza ($12.4k MX), and Nayarit ($11k MX)
Comparing the first quarter of 2021 and the second quarter of 2024, the positive salary growth was higher in Oaxaca and Baja California Sur with an increase of $5.87k MX (161%) and $4.82k MX (53.7%), respectively. Por otro lado, las variaciones salariales negativas se acentuaron en Nuevo León and Guerrero with a decrease of $4.49k MX (32.2%) and $2.53k MX (24.5%), respectively.
Average Age 2024-Q2
At second quarter of 2024, the male workforce in Managers and Supervisors Product Sales and Financial Services and Rental represented the 52.6% of the employed population and women 47.4%. The male and female workforce was higher in the age group 25 to 34 years (37.3k men and 43.1k women).
The highest average salary was $11.5k MX received by men from 45 to 54 years, while the lowest average salary was $5.87k MX received by women from 15 to 24 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 Managers and Supervisors Product Sales and Financial Services and Rental was higher in the educational segment with 16 to 18 years of schooling (56.8k), while the female workforce was higher in the educational segment with 10 to 12 years of schooling (49.4k).
The highest average salary was $10.5k MX received by women with 16 to 18 years of schooling, while the lowest average salary was $5.82k MX received by women with 13 to 15 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 Managers and Supervisors Product Sales and Financial Services and Rental in different industries and economic sectors.
At second quarter of 2024, the workforce was higher in Retail Trade of Groceries and Food (27.6%), Retail Trade of Hardware and Glass (14.9%), and Retail Trade of Health Care Items (12.3%).
In the same period, the best average salaries were received in Metallic Ore Mining ($40k MX), Water Collection, Treatment and Supply ($37k MX), and General Public Administration ($24k MX).
Labor Informality 2024-Q2
During the second quarter of 2024, the labor informality of Managers and Supervisors Product Sales and Financial Services and Rental reached a 24.2%, which implied an increase from 0.29 percentage points compared to the first quarter of 2024 (23.9%).
The labor informality of this occupation was lower than informality at the country level in 30 percentage points during the second quarter of 2024.
At second quarter of 2024, the states with the highest rate of labor informality in Managers and Supervisors Product Sales and Financial Services and Rental were Hidalgo (54.8%), Morelos (53.6%), and Tabasco (49.1%).
The states with the lowest informality rate were San Luis Potosí (7.91%), Aguascalientes (6.04%), and Sonora (0.99%).
The workforce of Managers and Supervisors Product Sales and Financial Services and Rental during the second quarter of 2024 was higher in the age group with 25 to 34 years concentrating 80.4k workers of which 81.5% corresponds to formal employment (65.5k) and 18.5% to informal employment (14.9k).
Regarding the schooling years, the workforce was higher in the range with 10 to 12 years of schooling concentrating 91.4k workers of which 72.9% corresponds to formal employment (66.6k) and 27.1% corresponds to informal employment (24.8k).