Occupation (4111) - 2024-Q3
The workforce of Traders in Stores during third quarter of 2024 was 2.93M people, whose salary averaged $4.94k MX working around 46.3 hours per week.
The average age of Traders in Stores was 48.2 years. The workforce was distributed in 40.8% men with an average salary of $6.08k MX and, 59.2% women with average salary of $4.15k MX.
The best average salaries received by Traders in Stores were in Baja California Sur ($9.85k MX), Hidalgo ($9.8k MX), and Nayarit ($8.7k MX) while the workforce was larger in Estado de México (527k), Ciudad de México (223k), and Jalisco (206k).
In terms of industries, the best average salaries were in Legal Services ($43k MX), Rental of Household and Personal Goods ($41.3k MX), and Foundations, Prefabricated Structures Assembly and Exterior Construction Works ($20.4k MX), while the workforce was concentrated on Retail Trade of Groceries and Food (2.67M), Retail Trade of Textile Products, except Apparel (735k), and Retail Trade of Household Furniture and other Household Goods (685k).
64.8% of the total informal workers correspond to women with an average salary of $3.86k MX and 35.2% to men with an average salary of $5.29k MX.
At the level of states, Oaxaca had the highest percentage of informal workers with 86.9% corresponding to 71.1k from 81.8k workers, while the state with the lowest percentage of informal workers was Colima with a 46.5% corresponding to 6.93k from 14.9k workers.
At third quarter of 2024, the people who worked as Traders in Stores were 2.93M being a 3.84% lower than the second quarter of 2024. (3.05M).
In the same period, an average salary of $4.94k MX was observed, registering a drop of 0.74%, compared to the second quarter of 2024 ($4.97k MX).
The states with the highest number of Traders in Stores during the third quarter of 2024 were Estado de México (527k), Ciudad de México (223k), and Jalisco (206k)
Comparing the first quarter of 2021 and the third quarter of 2024, the main positive variations occurred in Puebla and Hidalgo with an increase of 18.7k (11.9%) and 9.88k (14.3%), respectively. On the other hand, the negative variations were accentuated in Estado de México and Jalisco with a decrease of 47.5k (8.28%) and 26.6k (11.4%), respectively.
The states with the best average salaries for Traders in Stores during third quarter of 2024 were Baja California Sur ($9.85k MX), Hidalgo ($9.8k MX), and Nayarit ($8.7k MX)
Comparing the first quarter of 2021 and the third quarter of 2024, the positive salary growth was higher in Hidalgo and Aguascalientes with an increase of $4.86k MX (98.2%) and $2.4k MX (81.6%), respectively. Por otro lado, las variaciones salariales negativas se acentuaron en Tamaulipas and Sinaloa with a decrease of $2.19k MX (25.7%) and $1.62k MX (19.8%), respectively.
Average Age 2024-Q3
At third quarter of 2024, the male workforce in Traders in Stores represented the 40.8% of the employed population and women 59.2%. The male and female workforce was higher in the age group 45 to 54 years (279k men and 428k women).
The highest average salary was $6.83k MX received by men from 15 to 24 years, while the lowest average salary was $3.38k MX received by women from 75 or more years.
* The data regarding salaries have low statistical precision so it should not be used as conclusions.
Average Schooling in Years (2024-Q3)
At third quarter of 2024 the male workforce in Traders in Stores was higher in the educational segment with 10 to 12 years of schooling (347k), while the female workforce was higher in the educational segment with 7 to 9 years of schooling (516k).
The highest average salary was $7.45k MX received by men with 16 to 18 years of schooling, while the lowest average salary was $3.56k 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 third quarter of 2024, the workforce was higher in Retail Trade of Groceries and Food (50.5%), Retail Trade of Textile Products, except Apparel (13.9%), and Retail Trade of Household Furniture and other Household Goods (13%).
In the same period, the best average salaries were received in Legal Services ($43k MX), Rental of Household and Personal Goods ($41.3k MX), and Foundations, Prefabricated Structures Assembly and Exterior Construction Works ($20.4k MX).
Labor Informality 2024-Q3
During the third quarter of 2024, the labor informality of Traders in Stores reached a 73%, which implied an increase from 2.37 percentage points compared to the second quarter of 2024 (70.6%).
The labor informality of this occupation was higher than informality at the country level in 18.3 percentage points during the third quarter of 2024.
At third quarter of 2024, the states with the highest rate of labor informality in Traders in Stores were Oaxaca (86.9%), Tabasco (86.8%), and Estado de México (83.9%).
The states with the lowest informality rate were Baja California Sur (53.2%), Zacatecas (48%), and Colima (46.5%).
The workforce of Traders in Stores during the third quarter of 2024 was higher in the age group with 45 to 54 years concentrating 707k workers of which 29.6% corresponds to formal employment (209k) and 70.4% to informal employment (498k).
Regarding the schooling years, the workforce was higher in the range with 7 to 9 years of schooling concentrating 834k workers of which 22.3% corresponds to formal employment (186k) and 77.7% corresponds to informal employment (648k).