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June 28, 2022

US | Disinflation without a deep recession: the big challenge of the Fed

Since the decade of the 1970s a strong surge in US inflation had not been seen. Even though there are some similarities between those years and nowadays like the higher inflation of food and energy, the Fed back then was not truly independent and used to favor employment expansion at the expense of inflation.

June 16, 2022

Mexico | Wage distribution deteriorated and no signs of improvement

The growth of employment, and consequently the low levels of unemployment, have made it possible to increase the total wage bill, which is currently 3.0% above the pre-pandemic level; however, this gain has been due to the generation of low-paid jobs and the loss of employment of more than 2 Minimum Wages (MW)

June 3, 2022

Colombia | In April, the number of employed persons continued to increase

In April, the national unemployment rate was 11.2%, 4.3 p.p. lower than a year ago, in the same month and the urban rate was 11.1%, 6.4 p.p. lower than a year ago. Between March and April 2022, the seasonally adjusted unemployment rate decreased by 0.4 p.p. at the national level and by 0.9 p.p. at the urban level.

May 10, 2022

Mexico | Formal employment slows down in April, and job insecurity continues to increase

The generation of low-paid jobs characterizes the recovery of the labor market. Despite the high inflation levels, real wages and the wage bill maintain positive growth. We expect formal employment to continue posting favorable year-on-year growth rates but with a more moderate increase.

May 3, 2022

Colombia | Strong employment growth interrupted by a decline in March

DANE changed methodology and sample base to calculate labor market figures. The new figures show employment growing until February 2022, from the end of 2021. In March, employment decreased. The March unemployment rate was 12.1% nationwide, 2.6 p.p. lower than in the same month a year ago.

April 1, 2022

Mexico | Employed Mexican migrants falled 20% in the pandemic, but they are 3.2% up now

At the beginning of the pandemic, the jobs of Mexican migrants in the US contracted by 20%, but they are already 3.2% above pre-pandemic levels. However, the labor participation rate is at 66%, lower than pre-pandemic levels (68%); and the unemployment rate at 4.3%, above the average in 2019 (3.5%).

March 1, 2022

Mexico | Remittances accumulated 21 months to the rise, increased 19.6% in January

The surprising growth of remittances to Mexico during 2020 and 2021 is not particular to the country, but is common among many LAC countries. In 2021, remittances to Guatemala increased 34.9%, higher than the increase in Mexico (+27.1%), El Salvador (+26.8%), Dominican Rep. (+26.6%), Colombia (24.4%) and Jamaica (20.4%).

February 3, 2022

Colombia | Unemployment rate, employment and labor force continued to decline

In December, the national unemployment rate was 11.0% and the urban unemployment rate was 11.6%, lower by 2.4 and 4.0 percentage points, respectively, than in December 2020, but higher than in December 2019.