|Mexico Touts Fastest Job Creation in 14 Years|
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January 05, 2011
Mexico City – The Mexican economy in 2010 created a total of 730,348 net new jobs, the highest number in the last 14 years, senior officials said Tuesday.
"Without a doubt, this is good news and we can anticipate that the good news will continue during ... 2011," Finance Secretary Ernesto Cordero said at a joint press conference with Labor Secretary Javier Lozano.
The recovery of Latin America's second-largest economy in the first half of 2010 was spurred by external demand and, in part, by the acceleration of internal demand, Cordero said.
Of the jobs created in 2010, 70.1 percent were permanent jobs, while the rest were temporary positions.
"We haven't seen a similar figure since 1996 with regard to the creation of jobs," Lozano said.
The government announced in November that the Mexican economy had created some 962,000 new jobs.
"We always warn that in the month of December, cyclically we have an average decline of 231,755 (jobs) over the past 15 years ... Whether it's a good year or a bad year, we have that behavior," Lozano said.
By sector, the ones that created the most jobs were manufacturing and processing, 274,209; services, 178,637; and retailing, 136,968. Together, those three economic activities created more than 80 percent of the total new jobs in 2010.
From November 2008 to May 2009, which were the worst months of the economic crisis in Mexico, the country's economy lost more jobs than it was able to create.
Nearly 39 percent of the jobs created in the Mexican economy in 2010 were generated by companies with more than 1,000 employees, while firms with between 50 and 250 employees accounted for 22 percent of new positions.