The employment trend in Mexico’s clothing industry from 2013 to 2023 showcases a consistent decline, with a slight acceleration in job losses in recent years. The year-on-year variation indicates fluctuating but generally negative growth rates, highlighting a sector in contraction. Notably, the Compound Annual Growth Rate (CAGR) from 2018 to 2023 worsened, reflecting a steeper decline in employment. The forecast for 2023 to 2028 predicts a continued decrease in employment, with a CAGR of -0.8% and a total five-year growth rate of -3.92%, suggesting a persistent downward trend.
Looking ahead, factors such as technological advancements, shifts in global trade policies, and changes in consumer behavior should be closely monitored, as they could influence future employment trends in Mexico’s clothing sector.
