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Mexico reports 48% of subordinate employees lack stable employment contracts
La RepúblicaLO·MX·1 day ago
Mexico's employed population fell to 60.09 million in June, a decrease of 320,000 from May. The data indicates that hosting the 2026 FIFA World Cup failed to provide the anticipated labor market stimulus, suggesting underlying weakness in domestic employment trends.
Mexico's hosting of the 2026 FIFA World Cup has demonstrably underperformed official economic projections. Moody's revised GDP impact to 0.13%, significantly below government estimates, and the employed population declined by 320,000 in June, indicating a failure to stimulate the labor market as anticipated. This confirms a recurring trend of overestimating the immediate macroeconomic benefits of large-scale sporting events.