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 News Around the Republic of Mexico | September 2005 
More than a Million Mexicans Unemployed
 Prensa Latina
| | Nezahualcoyotl is a poor neighborhood on the outskirts of Mexico City. It is an example of the social contrasts that exist in the city. Poor neighborhoods like this one are often in sharp contrast to the city’s wealthy areas. |
More than a 1.5 million people are unemployed in Mexico, according to reports by the National Institute of Statistics, Geography and Information, published Friday.
Unemployment was reduced in August by 3.65 percent for the economically active population, but economic analysts said there is no sign that unemployment has lessened in the largest cities.
Specialist Jose Antonio Zuñiga said this phenomenon increased 161 percent during the President Vicente Fox administration, and that 83.7 percent of the unemployed come from both formal and informal labor sectors.
Young, educated people are especially disillusioned as, despite their academic preparation, he said, surveys find that middle and higher educated youth without jobs has reached 491,000 individuals - an increase of 114 percent during this administration.
This situation has caused an impressive immigration to the United States, and the National Population Board estimates that 400,000 Mexicans cross the border annually seeking work.
According to economist Carlos Fernández Vega, only three of every 100 Mexicans that look for formal work, find it, and the rest settle for temporary jobs. |
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