David Cervantes Arenillas
David Cervantes is Senior Economist at BBVA in Mexico. He is a specialist in impact evaluation, education, financial education, migration, remittances, and labor markets.
BS Degree and PhD in Economics by Universidad Nacional Autónoma de México and Master Degree in Demography by El Colegio de México.
His previous working background includes; deputy director of Evaluation at the BBVA Bancomer Financial Education Program and in the National Institute of Evaluation for Education (Instituto Nacional de Evaluación para la Educación). He has participated in research and impact evaluation projects of national and international organizations like the World Bank and the International Labor Organization and collaborated as a consultant of federal and local governmental programs in Mexico.
He has been a professor of Statistics and Econometrics at the Universidad Nacional Autónoma de México and Universidad Anáhuac México Sur.
In August, 36.6 million new formal jobs were registered according to the Mexican Social Security Institute, with this figure a total of 20.4 million insured workers were registered. From January to August 342 thousand new jobs were created, 46.9% less compared to the same period of the previous year.
Economic package reinforces signals of fiscal discipline by establishing a primary surplus target at a weak period of the business cycle.Consequently, it is positive that the federal government has proposed a primary surplus of 0.7% of GDP instead of the 1.3% that it had suggested in Pre-Criteria of economic policy for 2020
August 16, 2019
Mexico | Formal employment deepens its slowdown and occupancy conditions deteriorate
The creation of formal employment deepens its slowdown, in July formal employment grew 2.2% at an annualized rate. Four thousand permanent formal jobs were lost compared to the previous month, a situation that did not happen for a similar month since the crisis of 2009.