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 Business News | January 2006 
Mexico's December Unemployment Falls To 2.84 Percent
 Reuters
Mexico City - Mexican unemployment stood at 2.84 percent in December compared with 2.99 percent in November, the government said on Friday.
Analysts were expecting December unemployment of 2.76 percent, according to the median forecast in a Reuters poll of six financial houses.
The figure represented a drop from the same month in 2004, when Mexico registered 3.52 percent unemployment.
The government said 97.16 percent of Mexico's economically active population worked during December.
Mexican unemployment data is not considered a realistic measure of the number of jobless in the country, but markets watch movements in the figure to help predict rises and falls in consumer demand.
Tourism Grows in 2005
El Universal
Nearly 20 million foreign tourists visited Mexico in the first 11 months of 2005, 8 percent more than in the same period in 2004, the Tourism Department said Friday.
The holiday-makers spent a total of $10.7 billion (euro8.9 billion) in Mexico, the department said in a news release.
The rise in tourists came in spite of Mexico being hit by three hurricanes last year.
Hurricanes Emily, Stan and Wilma struck the country between July and October, killing 75 people and causing $2.15 billion worth of damage.
Wilma smashed directly into Cancun, the nation´s glitzy Caribbean resort, on Oct. 22, damaging hotels and clearing sand from some beaches.
Nearly 40 percent of the country´s tourism income comes the Caribbean coast, according to Tourism Department estimates. |
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