|Source||Instituto Nacional de Estadística Geografia e Informática (INEGI)|
|Release||Compensation of Employees|
|Unemployment Rate||Dec 2020||3.8||4.37||%, NSA||Monthly|
|Agriculture Employment||2019 Q4||6,909,819||7,007,028||#, NSA||Quarterly|
|Labor Force||2019 Q4||57,625,521||57,349,577||#, NSA||Quarterly|
|Labor Force Employment||2019 Q4||55,683,450||55,201,939||#, NSA||Quarterly|
|Primary Industries Employment||2019 Q4||6,909,819||7,007,028||#, NSA||Quarterly|
|Secondary Industries Employment||2019 Q4||13,788,402||13,889,872||#, NSA||Quarterly|
|Tertiary Industries Employment||2019 Q4||34,670,599||33,986,773||#, NSA||Quarterly|
|Total Employment||2019 Q4||55,683,450||55,201,939||#, NSA||Quarterly|
|Unemployment||2019 Q4||1,942,071||2,147,638||#, NSA||Quarterly|
|Wage & Salaries||2019||5,586,778||5,346,327||Mil. MXN||Annual|
|Real Wages & Salaries||Jun 2019||104.7||110.7||Index 2008=100, NSA||Monthly|
For Mexico, compensation of employees and its components (wages and salaries, employers' social contributions). Annual from 1988. Subject to a change in reference period every five years.
Compensation of employees is recorded under the use the generation of income account and is defined as the total monetary amount or in kind, payable by an institution to an employee for work performed by it. Was recorded at the time that bearing, ie measured by the value of remuneration, whether paid in advance, simultaneously or delayed with respect to the work in question. The compensation of employees has two components: wages and salaries and contributions payable social payable by an employer.
Wages and salaries
Wages and salaries can be paid in several ways, including the provision in kind or services to employees in lieu of or in addition to the compensation money. Wages and salaries as cash and in kind include types of remuneration:
Social contributions of employers believe the amounts incurred in order to get social benefits for their employees can be actual or imputed. Its purpose is to ensure their employees the entitlement to social benefits if certain events or under certain circumstances that may adversely affect welfare of their employees, such as illness, accident, dismissal, retirement, among others.
Actual social contributions are those where employers pay security funds social, insurance companies or other companies responsible for the administration and management of social security systems.
The amounts by which employers provide direct benefits under their own resources, ie, not based on funds special or segregated reserve for that purpose, are imputed social contributions, in which state employees can be considered protected against certain needs or circumstances. Accordingly, a fee is charged to those employees in an amount equal to the contributions social be necessary to ensure the right to social benefits they accumulate.
Compensation of employees is defined as:
RA = SYS + CS
Wages and salaries are defined as:
SYS = SYSD + Syse
Social contributions are defined as:
CS = CSE + CSI