Mexico’s Unemployment Rate Drops to 3 Percent
The National Occupation and Employment Survey revealed a .1 percent drop in unemployment from July to August
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Unemployment Down in Mexico, but Informal Economy Up
One of the pressing concerns for Mexico in the coming years is the high level of informal labor and those joining the informal economy
Read moreAzeri Envoy Marks First Anniversary of Reunited Nation
By THÉRÈSE MARGOLIS It was a day of absolute jubilation and unrestrained celebration for Azerbaijani Ambassador to Mexico Mammad Talibov and his wife Kamala Talibova when they hosted a diplomatic reception at the Presidente Intercontinental Hotel Polanco on Friday, Nov. 5, to commemorate the first anniversary of their reunited country after nearly three decades of occupation of a fifth of
Read moreAzerbaijani Envoy Marks Nation’s Anniversary with History Review
By THÉRÈSE MARGOLIS Like most embassies in Mexico these days, the Azerbaijani chancellery was unable to host a diplomatic reception this year to mark its independence day. But that didn’t keep Azerbaijani Ambassador to Mexico Mammad Talibov from commemorating the Caucasian nation’s 30th anniversary, albeit a few days late. At the request of Mexico’s National Academy of History and Geography,
Read moreMexico’s GDP Grows While Lower Class Stagnates
By KELIN DILLON Though Mexico’s gross domestic product (GDP) has been rebounding after the economic effects of the covid-19 pandemic, the Center for Economic Studies of the Private Sector (CEESP) said that families in poverty are likely worse off because of it, only widening the country’s large inequality gap. The CEESP pointed out that many medium- and small-sized businesses were
Read morePolitics Seep Into Mexico’s 2021 Economic Forecast
By KELIN DILLON As Mexico’s economy suffered greatly in 2020 as a consequence of the coronavirus pandemic, analysts are saying the forecast for the country’s economy in 2021 is just as dim. The nation faced increased rates of unemployment and lowered GDP in 2021 as covid cases surged throughout the nation. Little positive expectation should be put on Mexico to
Read moreDon’t Forget the Workers
By EARL ANTHONY WAYNE, former U.S. ambassador to Mexico
Read moreFuel Oil Becomes a Burning Issue in Mexico
By RICARDO CASTILLO The sudden cancellation of a coal-purchasing contract by Mexico’s state-owned Federal Electricity Commission (CFE) came as a bucket of ice water to supplier mining company Micare, a subsidiary of steel mill Altos Hornos de México (AHMSA). The issue, however, is a lot more complicated than just a breach a contract. The first thought that comes to mind
Read moreLuy’s Lines
A Double Whammy
Read moreMexico News Roundup
By RICARDO CASTILLO Unemployment: Mexico’s New Nightmare Over 555,000 Mexican workers lost their jobs in April alone. Those who lost jobs in May are not yet counted in a report issued on Tuesday, May 12, by the Mexican Social Security Institute (IMSS). The bulk of the lost jobs, according to the IMSS, was in manufacturing, including high-employment maquiladoras, auto industries and
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