In Mexico, Jobs Without The Recovery

October 20, 2014

10/17/14 The Wall Street Journal

people waiting - out of focusAs the U.S. shakes off the “jobless recovery” epithet with a string of solid employment reports, its neighbor to the south appears to be suffering from the opposite problem—recoveryless jobs Mexico’s unemployment rate fell in September to 5.1% from 5.3% a year before, and was down from August in seasonally adjusted terms, the National Statistics Institute said Friday. Urban unemployment slipped to 5.8% from 5.9% a year earlier, but remains way above pre-2009 crisis levels.

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Immigration and the Labor Market

June 26, 2013

people walking down city street - blurThe New York Times, 6/25/2013

Are American workers are about to experience unwelcome new competition for their jobs? The bill moving through Congress to overhaul the nation’s immigration laws, if approved, would give employers access to expanded visa programs that would admit hundreds of thousands of immigrant workers, of both low and high skills, to toil in workplaces from strawberry fields to technology companies.

The legislation also offers legal status to millions of immigrants working illegally across the country, and ultimately a shot at citizenship. The change would encourage many to roam freely throughout the economy, leaving dead-end jobs in immigrant-heavy sectors of the labor market to seek higher pay elsewhere. But by many accounts, most American workers need not worry about the prospect of hordes of workers entering the country with an eye on their jobs. Rather, immigration is seen as more likely to leave American workers better off.

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Surviving with $15 pesos (Spanish)

February 22, 2013
Photo by Flickr User Global Tribe

Photo by Flickr User Global Tribe

La Jornada, 2/22/2013

Maria Martinez’s sunken eyes and wrinkled skin make her seem more than 50 years old.  In Mixtec, she explains that she does not remember when she was born;  meanwhile, the nurse revises her records  clarifies the doubt:  Maria is 35 years and the baby she carries in her arms  is her seventh child.

Like her, many families live with 10 or 15 pesos a day (one quarter of the minimum wage)with which they can only afford  pasta, beans and, if revenues improve, chicken or beef every 15 or 30 days. “A chicken costs 80 or 90 pesos, and I can’t afford it,” says Maria.

Even though 300 families receive some aid, malnutrition, remoteness, lack of education, and unemployment keep them in the geography of poverty.

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Mexico’s Coppel Brothers Emerge With $16 Billion Fortune

November 16, 2012

Bloomberg BusinessWeek, 11/15/2012

Sinaloa

In 1970, Enrique Coppel Tamayo introduced a credit card that allowed his working-class customers to buy clothing and furniture at a handful of retail stores he owned in Culiacan, Mexico.

With Mexico’s economy rebounding from the 2009 recession, and unemployment declining, the country’s consumers have more cash to spend on household goods. Coppel’s department stores across the country give the poorer among them the chance to buy a sofa-bed or an iPhone in small payments over six to 18 months. The Coppel empire has expanded despite the surge in violence in their native state of Sinaloa, home to the cartel of Joaquin “El Chapo” Guzman, Mexico’s most-wanted druglord.

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For Peña Nieto the most important part of the US-Mexico Relationship is the Economy [in Spanish]

September 17, 2012

CNN, 9/17/12

Enrique Peña Nieto

For president-elect Enrique Peña Nieto, the most important part of the US-Mexico relationship is the economy, which is why he wants to concentrate on strengthening economic ties between the two nations.  Emilio Lozoya Austin, Peña Nieto’s coordinator for international affairs during the transition period,  said in an interview that they thought that the mutual strengthening of economies would help unemployment and consequently regulate migratory flows.  Lozoya Austin insisted that they wanted to move the relationship beyond security concerns and that, regarding security, the two nations needed to work together to help Central America.Read More…


Mexico’s December Unemployment 4.5% Vs 4.9% Year Ago

January 19, 2012

The Wall Street Journal, 1/19/12

Unemployment in Mexico fell in December from a year earlier, and was also down from November in seasonally adjusted terms, the National Statistics Institute, or Inegi, said Thursday.

Inegi said 4.5% of the workforce was unemployed last month, compared with 4.9% in December of 2010. Unemployment in major urban areas also fell from a year earlier, at just under 4.9% in December compared with 5.8% in December 2010. Underemployment, which gauges those who had insufficient work, rose to 8.2% from 6.8% a year earlier.

Employment in Mexico increased in 2011 as the economy grew for a second consecutive year following the 2008-2009 recession. The economy is expected to have expanded by about 4% in 2011, down from 5.4% in 2010.

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Mexico’s July Unemployment 5.6% Vs 5.7% Year Ago

August 25, 2011

The Wall Street Journal, 8/25/11

Mexico’s unemployment fell in July from a year earlier and was also down from June in seasonally adjusted terms, the National Statistics Institute, or Inegi, said Thursday.

Inegi said unemployment was 5.6% last month, compared with 5.7% in July 2010.

The jobless rate tends to increase in July as students seek work for the vacations or after finishing school. Adjusted for seasonal effects, unemployment fell to 5.3% from 5.8% in June.

Unemployment in major urban areas was 6.7% compared with 6.9% a year earlier, and was down from June in seasonally adjusted terms, while underemployment rose to 8.9% of those in work from 8.5% a year ago, Inegi said.

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To view the INEGI data, click here.

 


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