Mexico's oil sector facing thousands of employment losses

During Enrique Peña Nieto's administration , 63,279 formal positions have been lost in Campeche, Tabasco, and Veracruz, as a result of the severe crisis that the oil sector in the region is facing.

Campeche

is the most affected entity where there have been up to 29,799 employment losses from December 1, 2012, to October 31, 2017, representing 19.7% of the existing positions at the beginning of the current administration.

As a result, Campeche's unemployment rate in the first nine months of the year reached 3.9% , the highest rate since 2005, according to data released by Mexico's National Institute of Statistics and Geography ( Instituto Nacional de Estadística y Geografía abbreviated Inegi ).

Campeche is followed by Tabasco , with 17,051 job losses representing 9.0% of the positions at the end of 2012.

Tabasco's unemployment rate

stood at 6.9% , the highest rate in the country.

In Veracruz, 16,429 employment losses were registered during this administration, representing 2.2% of the positions at the beginning of Peña Nieto's administration. The unemployment rate of the state reached 3.2% .

Other entities where job generation has been scarce are Chiapas (4,644), Morelos (9,898), and Guerrero (16,383).

sg