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Jewelers, Goldsmiths, Goldsmiths and Metal Polishes

Occupation (7223) - 2024-Q2

  • 21.7k, Workforce
  • $5.5k MX, Average monthly salary
  • 42.8, Average age
  • 37.1, Weekly hours worked
  • 5.3, Weekly days worked
  • 66.4%, Informal Workforce
  • 10.3, Average years of Schooling

About Jewelers, Goldsmiths, Goldsmiths and Metal Polishes

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The workforce of Jewelers, Goldsmiths, Goldsmiths and Metal Polishes during second quarter of 2024 was 21.7k people, whose salary averaged $5.5k MX working around 37.1 hours per week.

The average age of Jewelers, Goldsmiths, Goldsmiths and Metal Polishes was 42.8 years. The workforce was distributed in 74.2% men with an average salary of $6.1k MX and, 25.8% women with average salary of $3.76k MX.

The best average salaries received by Jewelers, Goldsmiths, Goldsmiths and Metal Polishes were in Hidalgo ($31k MX), Campeche ($8.6k MX), and Colima ($8.6k MX) while the workforce was larger in Jalisco (4.92k), Guanajuato (4.48k), and Guerrero (2.18k).

In terms of industries, the best average salaries were in Retail Trade of Perfumery and Jewelry Products ($3k MX) and Electronic and Precision Equipment Repair and Maintenance ($1.99k MX), while the workforce was concentrated on Electronic and Precision Equipment Repair and Maintenance (10.8k) and Retail Trade of Perfumery and Jewelry Products (218).

31.1% of the total informal workers correspond to women with an average salary of $4.71k MX and 68.9% to men with an average salary of $5.55k MX.

At the level of states, Yucatán had the highest percentage of informal workers with 100% corresponding to 116 from 116 workers, while the state with the lowest percentage of informal workers was Tabasco with a 13.7% corresponding to 22 from 161 workers.

Workforce and Salaries Evolution

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  • 21.7k, Workforce 2024-Q2
  • $5.5k MX, Average monthly salary 2024-Q2

At second quarter of 2024, the people who worked as Jewelers, Goldsmiths, Goldsmiths and Metal Polishes were 21.7k being a 105% higher than the first quarter of 2024. (10.6k).

In the same period, an average salary of $5.5k MX was observed, registering a drop of 18.7%, compared to the first quarter of 2024 ($6.76k MX).

Workforce by State

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The states with the highest number of Jewelers, Goldsmiths, Goldsmiths and Metal Polishes during the second quarter of 2024 were Jalisco (4.92k), Guanajuato (4.48k), and Guerrero (2.18k)

Comparing the first quarter of 2021 and the second quarter of 2024, the main positive variations occurred in Guanajuato and Jalisco with an increase of 4.34k (3.1k%) and 2.04k (71%), respectively. On the other hand, the negative variations were accentuated in Baja California Sur and Veracruz de Ignacio de la Llave with a decrease of 847 (83.1%) and 675 (95.2%), respectively.

Salaries by State

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The states with the best average salaries for Jewelers, Goldsmiths, Goldsmiths and Metal Polishes during second quarter of 2024 were Hidalgo ($31k MX), Campeche ($8.6k MX), and Colima ($8.6k MX)

Comparing the first quarter of 2021 and the second quarter of 2024, the positive salary growth was higher in Jalisco and Chiapas with an increase of $3.79k MX (125%) and $1.93k MX (45%), respectively. Por otro lado, las variaciones salariales negativas se acentuaron en Veracruz de Ignacio de la Llave and Nuevo León with a decrease of $21.9k MX (97.8%) and $12k MX (100%), respectively.

Workforce and Salaries Distribution by Industries

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The visualization shows the distribution of Jewelers, Goldsmiths, Goldsmiths and Metal Polishes in different industries and economic sectors.

At second quarter of 2024, the workforce was higher in Electronic and Precision Equipment Repair and Maintenance (98%) and Retail Trade of Perfumery and Jewelry Products (1.98%).

In the same period, the best average salaries were received in Retail Trade of Perfumery and Jewelry Products ($3k MX) and Electronic and Precision Equipment Repair and Maintenance ($1.99k MX).

Labor Informality

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Labor Informality

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Labor Informality 2024-Q2

  • 66.4%, Jewelers, Goldsmiths, Goldsmiths and Metal Polishes
  • 54.3%, Average Informality in Mexico

During the second quarter of 2024, the labor informality of Jewelers, Goldsmiths, Goldsmiths and Metal Polishes reached a 66.4%, which implied an increase from 6.55 percentage points compared to the first quarter of 2024  (59.8%).

The labor informality of this occupation was higher than informality at the country level in 12.1 percentage points during the second quarter of 2024.

Labor Informality by State

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Greater Labor Informality: 100%, Yucatán

Less Labor Informality: 13.7 %, Tabasco

At second quarter of 2024, the states with the highest rate of labor informality in Jewelers, Goldsmiths, Goldsmiths and Metal Polishes were Yucatán (100%), Veracruz de Ignacio de la Llave (100%), and Tlaxcala (100%).

The states with the lowest informality rate were Durango (53.8%), Guanajuato (24.4%), and Tabasco (13.7%).

Labor Informality by Age and Education

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Workforce

The workforce of Jewelers, Goldsmiths, Goldsmiths and Metal Polishes during the second quarter of 2024 was higher in the age group with 55 to 64 years concentrating 6.73k workers of which 51.5% corresponds to formal employment (3.47k) and 48.5% to informal employment (3.26k).

Regarding the schooling years, the workforce was higher in the range with 10 to 12 years of schooling concentrating 12.2k workers of which 44.4%  corresponds to formal employment (5.4k) and 55.6% corresponds to informal employment (6.77k).