ProceduresGovernment

Managers and Supervisors Product Sales and Financial Services and Rental

Occupation (4201) - 2022-Q2

  • 251k, Workforce
  • $6.6k MX, Average monthly salary
  • 37.4, Average age
  • 48.9, Weekly hours worked
  • 5.65, Weekly days worked
  • 4.02%, Workforce with second job
  • 23%, Informal Workforce
  • 12.3, Average years of Schooling

About Managers and Supervisors Product Sales and Financial Services and Rental

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The workforce of Managers and Supervisors Product Sales and Financial Services and Rental during second quarter of 2022 was 251k people, whose salary averaged $6.6k MX working around 48.9 hours per week.

The average age of Managers and Supervisors Product Sales and Financial Services and Rental was 37.4 years. The workforce was distributed in 55.6% men with an average salary of $7.59k MX and, 44.4% women with average salary of $5.36k MX.

The best average salaries received by Managers and Supervisors Product Sales and Financial Services and Rental were in Hidalgo ($11.9k MX), Nayarit ($11.7k MX), and Michoacán de Ocampo ($10.5k MX) while the workforce was larger in Ciudad de México (28.7k), Jalisco (24.9k), and Nuevo León (20.1k).

In terms of industries, the best average salaries were in Manufacture of Accessories, Electrical Appliances and Equipment Power Generation ($30k MX), Fabricated Metal Products ($22k MX), and Depository Credit Intermediation ($17.8k MX), while the workforce was concentrated on Retail Trade of Groceries and Food (33.2k), Retail Trade of Cars and Trucks (23.6k), and Retail Trade of Health Care Items (16.6k).

65.4% of the total informal workers correspond to women with an average salary of $4.15k MX and 34.6% to men with an average salary of $6.04k MX.

At the level of states, Estado de México had the highest percentage of informal workers with 67.7% corresponding to 7.27k from 10.7k workers, while the state with the lowest percentage of informal workers was Guerrero with a 3.77% corresponding to 99 from 2.63k workers.

Workforce and Salaries Evolution

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  • 251k, Workforce 2022-Q2
  • $6.6k MX, Average monthly salary 2022-Q2

At second quarter of 2022, the people who worked as Managers and Supervisors Product Sales and Financial Services and Rental were 251k being a 2.66% lower than the first quarter of 2022. (258k).

In the same period, an average salary of $6.6k MX was observed, registering an increase of 12.1%, compared to the first quarter of 2022 ($5.89k MX).

Workforce by State

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The states with the highest number of Managers and Supervisors Product Sales and Financial Services and Rental during the second quarter of 2022 were Ciudad de México (28.7k), Jalisco (24.9k), and Nuevo León (20.1k)

Comparing the first quarter of 2021 and the second quarter of 2022, the main positive variations occurred in Ciudad de México and Hidalgo with an increase of 6.42k (28.8%) and 5.81k (218%), respectively. On the other hand, the negative variations were accentuated in Estado de México and Chihuahua with a decrease of 9.72k (47.5%) and 5.42k (38.2%), respectively.

Salaries by State

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The states with the best average salaries for Managers and Supervisors Product Sales and Financial Services and Rental during second quarter of 2022 were Hidalgo ($11.9k MX), Nayarit ($11.7k MX), and Michoacán de Ocampo ($10.5k MX)

Comparing the first quarter of 2021 and the second quarter of 2022, the positive salary growth was higher in Hidalgo and Nayarit with an increase of $6.14k MX (107%) and $3.66k MX (45.8%), respectively. Por otro lado, las variaciones salariales negativas se acentuaron en Aguascalientes and Tlaxcala with a decrease of $3.21k MX (42.9%) and $1.51k MX (21.9%), respectively.

Average Salary and Workforce by Sex and Age

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Average Age 2022-Q2

  • 37.1, Women
  • 37.7, Men

At second quarter of 2022, the male workforce in Managers and Supervisors Product Sales and Financial Services and Rental represented the 55.6% of the employed population and women 44.4%. The male workforce was higher in the age group of 35 to 44 years (43.5k), while the female workforce was higher in the age group of 25 to 34 years (36.1k).

The highest average salary was $8.34k MX received by men from 45 to 54 years, while the lowest average salary was $4.14k MX received by men from 55 to 64 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

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Average Schooling in Years (2022-Q2)

  • 11.9, Women
  • 12.7, Men

During the second quarter of 2022, male and female workforce in Managers and Supervisors Product Sales and Financial Services and Rental was concentrated in the educational segment with 10 to 12 years of schooling (51.4k men and 39.7k women).

The highest average salary was $9.98k MX received by men with 16 to 18 years of schooling, while the lowest average salary was $4.22k MX received by women with 13 to 15 years of schooling.

* The data regarding salaries have low statistical precision so it should not be used as conclusions.

Workforce and Salaries Distribution by Industries

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The visualization shows the distribution of Managers and Supervisors Product Sales and Financial Services and Rental in different industries and economic sectors.

At second quarter of 2022, the workforce was higher in Retail Trade of Groceries and Food (22.3%), Retail Trade of Cars and Trucks (15.8%), and Retail Trade of Health Care Items (11.1%).

In the same period, the best average salaries were received in Manufacture of Accessories, Electrical Appliances and Equipment Power Generation ($30k MX), Fabricated Metal Products ($22k MX), and Depository Credit Intermediation ($17.8k MX).

Labor Informality

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Labor Informality

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Labor Informality 2022-Q2

  • 23%, Managers and Supervisors Product Sales and Financial Services and Rental
  • 55.4%, Average Informality in Mexico

During the second quarter of 2022, the labor informality of Managers and Supervisors Product Sales and Financial Services and Rental reached a 23%, which implied a decrease from 6.03 percentage points compared to the first quarter of 2022  (29.1%).

The labor informality of this occupation was lower than informality at the country level in 32.4 percentage points during the second quarter of 2022.

Labor Informality by State

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Greater Labor Informality: 67.7%, Estado de México

Less Labor Informality: 3.77 %, Guerrero

At second quarter of 2022, the states with the highest rate of labor informality in Managers and Supervisors Product Sales and Financial Services and Rental were Estado de México (67.7%), Campeche (47.2%), and Veracruz de Ignacio de la Llave (43.3%).

The states with the lowest informality rate were San Luis Potosí (7.58%), Sinaloa (5.32%), and Guerrero (3.77%).

Labor Informality by Age and Education

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Workforce

The workforce of Managers and Supervisors Product Sales and Financial Services and Rental during the second quarter of 2022 was higher in the age group with 35 to 44 years concentrating 75.9k workers of which 78.9% corresponds to formal employment (59.9k) and 21.1% to informal employment (16k).

Regarding the schooling years, the workforce was higher in the range with 10 to 12 years of schooling concentrating 91.1k workers of which 75.7%  corresponds to formal employment (69k) and 24.3% corresponds to informal employment (22.2k).