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Mexico & Nafta - February 2015 (ISSN 1741-444X)
Unemployment falls but job creation is still not fast enough
The national unemployment rate was 3.7% in December 2014, on official figures from the national statistics institute (Inegi), the lowest rate in seven years. According to the social security institute (IMSS), a record 714,000 formal jobs were created in Mexico last year. However, the rate of job creation is not fast enough to soak up new entrants and the problem of under-employment and informality is still a very big one for the Peña Nieto government.
- The Iguala case continues to haunt Mexico
- New crime figures provide more evidence of ‘cockroach effect’
- Opposition fails to capitalise on Peña Nieto’s woes
- Parties face major challenges in key gubernatorial elections
- Falling oil forces budget adjustment
- Unemployment falls but job creation is still not fast enough