Workers in Rent
Group (43) - 2024-Q3
- 55.4k, Workforce
- $5.9k MX, Average monthly salary
- 41.5, Average age
- 30.3, Weekly hours worked
- 4.57, Weekly days worked
- 8.2%, Workforce with second job
- 66.2%, Informal Workforce
- 11.2, Average years of Schooling
About Workers in Rent
#permalink to sectionThe workforce of Workers in Rent during third quarter of 2024 was 55.4k people, whose salary averaged $5.9k MX working around 30.3 hours per week.
The average age of Workers in Rent was 41.5 years. The workforce was distributed in 74% men with an average salary of $5.85k MX and, 26% women with average salary of $6.02k MX.
The best average salaries received by Workers in Rent were in Coahuila de Zaragoza ($30.9k MX), Yucatán ($16.4k MX), and Campeche ($12.6k MX) while the workforce was larger in Estado de México (4.85k), Guanajuato (4.85k), and Ciudad de México (4.2k).
In terms of industries, the best average salaries were in Foundations, Prefabricated Structures Assembly and Exterior Construction Works ($172k MX), Medical Doctors Offices ($12k MX), and Amusement Parks and Arcades ($10.8k MX), while the workforce was concentrated on Rental of Household and Personal Goods (56.9k), Rental and Leasing of Automobiles, Trucks and other Road Transportation Vehicles (6.75k), and Amusement Parks and Arcades (2.97k).
20.3% of the total informal workers correspond to women with an average salary of $4.75k MX and 79.7% to men with an average salary of $5.28k MX.
At the level of states, Nuevo León had the highest percentage of informal workers with 100% corresponding to 632 from 632 workers, while the state with the lowest percentage of informal workers was Chihuahua with a 18.4% corresponding to 114 from 618 workers.
Employment
#permalink to sectionWorkforce and Salaries Evolution
#permalink to section- 55.4k, Workforce 2024-Q3
- $5.9k MX, Average monthly salary 2024-Q3
At third quarter of 2024, the people who worked as Workers in Rent were 55.4k being a 12.6% lower than the second quarter of 2024. (63.4k).
In the same period, an average salary of $5.9k MX was observed, registering an increase of 8.69%, compared to the second quarter of 2024 ($5.42k MX).
Workforce by State
#permalink to sectionThe states with the highest number of Workers in Rent during the third quarter of 2024 were Estado de México (4.85k), Guanajuato (4.85k), and Ciudad de México (4.2k)
Comparing the first quarter of 2021 and the third quarter of 2024, the main positive variations occurred in Guanajuato and Chiapas with an increase of 3.96k (446%) and 1.68k (132%), respectively. On the other hand, the negative variations were accentuated in Puebla and Nuevo León with a decrease of 5.94k (66.2%) and 2.59k (80.4%), respectively.
Salaries by State
#permalink to sectionThe states with the best average salaries for Workers in Rent during third quarter of 2024 were Coahuila de Zaragoza ($30.9k MX), Yucatán ($16.4k MX), and Campeche ($12.6k MX)
Comparing the first quarter of 2021 and the third quarter of 2024, the positive salary growth was higher in Coahuila de Zaragoza and Zacatecas with an increase of $17.6k MX (133%) and $10.6k MX (930%), respectively. Por otro lado, las variaciones salariales negativas se acentuaron en Durango and Sinaloa with a decrease of $6.71k MX (51.2%) and $6.64k MX (59.4%), respectively.
Diversity
#permalink to sectionAverage Salary and Workforce by Sex and Age
#permalink to sectionAverage Age 2024-Q3: 41.5, Men
At third quarter of 2024, the male workforce in Workers in Rent represented the 74% of the employed population and women 26%. The male workforce was higher in the age group of 25 to 34 years (9.23k), while the female workforce was higher in the age group of 35 to 44 years (6.2k).
The highest average salary was $9.04k MX received by men from 35 to 44 years, while the lowest average salary was $3.75k MX received by men from 15 to 24 years.
* The data regarding salaries have low statistical precision so it should not be used as conclusions.
Average Salary and Workforce by Gender and Schooling Years
#permalink to sectionAverage Schooling in Years (2024-Q3): 10.6, Men
At third quarter of 2024 the male workforce in Workers in Rent was higher in the educational segment with 10 to 12 years of schooling (12.5k), while the female workforce was higher in the educational segment with 16 to 18 years of schooling (4.03k).
The highest average salary was $8.37k MX received by men with 16 to 18 years of schooling, while the lowest average salary was $5.28k MX received by men with 10 to 12 years of schooling.
* The data regarding salaries have low statistical precision so it should not be used as conclusions.
Industries
#permalink to sectionWorkforce and Salaries Distribution by Industries
#permalink to sectionThe visualization shows the distribution of Workers in Rent in different industries and economic sectors.
At third quarter of 2024, the workforce was higher in Rental of Household and Personal Goods (83.9%), Rental and Leasing of Automobiles, Trucks and other Road Transportation Vehicles (9.95%), and Amusement Parks and Arcades (4.38%).
In the same period, the best average salaries were received in Foundations, Prefabricated Structures Assembly and Exterior Construction Works ($172k MX), Medical Doctors Offices ($12k MX), and Amusement Parks and Arcades ($10.8k MX).
Labor Informality
#permalink to sectionLabor Informality
#permalink to sectionLabor Informality 2024-Q3
- 66.2%, Workers in Rent
- 54.6%, Average Informality in Mexico
During the third quarter of 2024, the labor informality of Workers in Rent reached a 66.2%, which implied a decrease from 0.23 percentage points compared to the second quarter of 2024 (66.5%).
The labor informality of this occupation was higher than informality at the country level in 11.6 percentage points during the third quarter of 2024.
Labor Informality by State
#permalink to sectionGreater Labor Informality: 100%, Nuevo León
Less Labor Informality: 18.4 %, Chihuahua
At third quarter of 2024, the states with the highest rate of labor informality in Workers in Rent were Nuevo León (100%), Morelos (100%), and Aguascalientes (100%).
The states with the lowest informality rate were Campeche (28%), Baja California Sur (27.3%), and Chihuahua (18.4%).
Labor Informality by Age and Education
#permalink to sectionThe workforce of Workers in Rent during the third quarter of 2024 was higher in the age group with 35 to 44 years concentrating 12k workers of which 43.7% corresponds to formal employment (5.25k) and 56.3% to informal employment (6.77k).
Regarding the schooling years, the workforce was higher in the range with 10 to 12 years of schooling concentrating 16.3k workers of which 26.8% corresponds to formal employment (4.38k) and 73.2% corresponds to informal employment (11.9k).