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The reforms staged by the Mexican government will not only bring economic growth but help stimulate employment, said Mexican Labor Minister Alfonso Navarrete Prida here on Monday.
In an exclusive interview with Xinhua, the minister said the reforms in areas of energy, telecommunications, education and finance will help create jobs.
"This will generate a million jobs per year, a figure that the country needs to sustain the number of young people entering the labor market," he said.
Navarrete Prida spoke highly of the energy reform program that President Enrique Pena Nieto unveiled on Aug. 12.
He said that without energy reform Mexico will experience a six-year energy crisis and become a net importer of energy.
Mexico has lost a historic opportunity that offered their youths decent long-term jobs, he said.
The labor minister noted that the reform will create 500,000 jobs in the first six years.
"That is, for every direct job there are four indirect jobs, so that in 10 years, an estimated 2.5 million jobs will be created," he said.
Navarrete Prida also mentioned informal jobs, which he said is a global issue.
"In Mexico it is a phenomenon associated with low wages, inadequate training," he said, adding that 60 percent of workers are engaged in the informal sector.
On what the labor ministry has achieved in the past eight and a half months, Navarrete Prida said the harmonious employer-employee relationship has been maintained and there has been no organized strikes at the federal level in recent years.
