Wednesday, August 4, 2010
Positive Economic Info
The Finance Secretariat reported this week that in the second quarter, Mexico's economy grew by 7 percent. While that number is good, the job creation figures remain a bit worrying. In the same lapse, Mexico created 223,000 jobs, and Finance estimates that it will create 600,000 in 2010. This means that not only will the first year of the recovery fail to make up for the lost ground during the crisis, but also that even in a bounce-back year the nation fails to generate anywhere near the 1 million jobs a year it needs to feed the labor market.