Copyright©2009 Juan B. Morales1 WMTA April 2009 Juan B. Morales de la Garza MBA CCP RUIZ-MORALES & ASSOCIATES April 15 th 2009 Tel :( ) Fax: ( ) Labor & Economic Indicators
Copyright©2009 Juan B. Morales2 PRESENTATION OBJECTIVES 1.0 Labor Indicators. 2.0 Economic Indicators 3.0 Revised Projections for 2009
Copyright©2009 Juan B. Morales3 1.0 EMPLOYMENT INDICATORS Tijuana Maquila Turnover continues to Decrease 2007 8.0% Avg. Turnover 2008 5.3% Avg. Turnover 2009 3.4% February (Preliminary) 2009 3.4% February (Preliminary)
Copyright©2009 Juan B. Morales4 1.0 EMPLOYMENT INDICATORS Tijuana Non Maquila Turnover Decreases 2007 6.4% Avg. Turnover 2008 6.9% Avg. Turnover 2009 3.3% February (Preliminary) 2009 3.3% February (Preliminary)
Copyright©2009 Juan B. Morales5 1.0 EMPLOYMENT INDICATORS Tecate Maquila Turnover continues to Decrease 2007 7.1% Avg. Turnover 2008 5.1% Avg. Turnover 2009 3.5% February (Preliminary) 2009 3.5% February (Preliminary)
Copyright©2009 Juan B. Morales6 1.0 EMPLOYMENT INDICATORS Ensenada Maquila Turnover continues to Decrease 2007 7.3% Avg. Turnover 2008 3.5% Avg. Turnover 2009 1.9% February (Preliminary) 2009 1.9% February (Preliminary)
Copyright©2009 Juan B. Morales7 1.0 EMPLOYMENT INDICATORS Tijuana Maquila Absenteeism Decreases
Copyright©2009 Juan B. Morales8 1.0 EMPLOYMENT INDICATORS BC Unemployment vs Border States & National
Copyright©2009 Juan B. Morales9 2.0 Economic Indicators Tijuana’s Inflation Higher than last Year.
Copyright©2009 Juan B. Morales Economic Indicators Tijuana’s Inflation Higher than last Year.
Copyright©2009 Juan B. Morales Bottom in Sight ?? 3.0 Companies are more Proactive
Copyright©2009 Juan B. Morales Revised Projections 2009 March 15th Growth 2008 1.3% Growth 2009 -5.0 & -3.0% (2.5% Sept Projection) Xchg Rate at the close of 2009 Between Inflation 2008 6.53% (Initial Inflation Projections for 2008 were % ) Inflation 2009 4.0 – 6.0% (Tijuana Higher) Increase in the Legal Minimum Wage for 2008 4.0% Legal Minimum Wage Increase for 2009 4.6% ( Zone –A- 4.2%) ** Maquiladora Increases have been higher than the Increases in the Legal Minimum Wage based on Supply and Demand. ** For 2008 Annualized (Sept to Sept. 2008) Increases for Directs Averaged 6.3%, while the Minimum Wage Increased 4.0% during that period. ** For 2009 Projected Annualized Wage & Salary increases between 5.2% and 5.7%
Copyright©2009 Juan B. Morales13 Thank You ! Questions ?