Mixed Labor Market Outlook for Year

MEXICO - Report 11 Dec 2014 by Mauricio González and Ernesto Cervera
Executive Summary In this week’s Economic Panorama we analyze what the labor market data to date can tell us about broader economic trends, and how economic activity is likely to close the current year. We also delve into some of the reasons why robust growth in payroll employment has failed to translate into a significant recovery in domestic consumption. In the past, payroll employment tended to evolve in tandem with economic activity in general. Though their relationship varied from month to month, on a full-year basis it tended to even out. Since the second half of 2012, however, IMSS p...

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