Thursday, August 6, 2009

Three interesting notes today

The first note is about poverty in Mexico. Rodolfo de la Torre, director of the office that makes the Human Development Report of the United Nations Program for Mexico and editor of Well-being and Social Policy published by the CISS, said that from 2006 to 2008 the number of people living in poverty in the Distrito Federal increased more that three times the national average. According to the Encuesta Nacional de Ingresos y Gastos de los Hogares (ENIGH) 2008 poverty rose 14% in Mexico City in two years. The main cause of the increase of poverty in Mexico, and that we reported here, according to de la Torre, is the increase in the price of basic foods that began at the end of 2007, although this does not explain why the DF has a much worse performance than the country as a whole.

The second piece of news refers to formal employment in Mexico, which registered an increase in July for the second consecutive month. Unfortunately, the increase in unemployment is explained by the growth in temporary employment, as permanent employment continued its ongoing downward trend. This may be due to the holiday season as in services and trade were created more than 34,000 places, but the manufacturing industry destroyed 1,500 jobs.

Finally, the third note is about the unemployment in the United States. The Labor Department reported last week that filings for unemployment benefits declined by 38,000 compared with the previous period (at 550,000) which was a higher decrease expected by analysts (580,000), while the number of people continuing to claim regular benefits rose 69,000 also with respect to the previous month, at 6.31 millions.

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