Sunday, September 25, 2011

More Signs of Trouble?

The seasonally adjusted unemployment rate in Mexico ticked up to 5.44 percent in August, above both the 5.28 percent rate from July as well as the forecasts from analysts. Unemployment is typically a lagging indicator so this specifically isn't a sign of coming problems, but coupled with the downward revision of growth projections and the peso's slide in the past week, the climate is unsettled.

No comments: