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Copyright(c) 2010 Juan B. Morales1 WMTA April 2010 Juan B. Morales de la Garza MBA CCP RUIZ-MORALES & ASSOCIATES April 21 st 2010 Tel :(01152664) 686-4116 Fax: (01152664) 686-1998 Email: ruizmorales@prodigy.net.mx www.ruiz-morales.com.mx Labor & Economic Indicators 2009-2010
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Copyright(c) 2010 Juan B. Morales2 PRESENTATION OBJECTIVES 1.0 Employment Indicators – 1.1 Tijuana IMMEX Employment 1.2 Tijuana vs U.S. Unemployment Data 2.0 BANXICO Expectativas Survey Update –
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Copyright(c) 2010 Juan B. Morales3 EMPLOYMENT INDICATORS 1.0 EMPLOYMENT INDICATORS Good News for 2010 ???
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Copyright(c) 2010 Juan B. Morales4 EMPLOYMENT INDICATORS 1.0 EMPLOYMENT INDICATORS National IMMEX Employment continues to fall at a Slower Rate Source: INEGI
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Copyright(c) 2010 Juan B. Morales5 EMPLOYMENT INDICATORS 1.0 EMPLOYMENT INDICATORS National IMMEX Employment by Hiring Mode 78.2% Hired Directly & 21.8% Subcontracted Source: INEGI
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Copyright(c) 2010 Juan B. Morales6 EMPLOYMENT INDICATORS 1.0 EMPLOYMENT INDICATORS Tijuana Maquila Employment continues to fall 2007 Jobs Lost 6,564 (+ 3.8%)* Jul to Dec Avg. 2008 Jobs Lost 12,075 (- 6.8%) Avg. Yearly Employment 2009 Jobs Lost 27,444 (- 16.6%) Source: INEGI
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Copyright(c) 2010 Juan B. Morales7 2.0 EMPLOYMENT INDICATORS 2.0 EMPLOYMENT INDICATORS Tijuana Maquila Employment continues to fall Tijuana Maquila Employment continues to fall December 2006 568 Maquilas (INEGI) December 2006 568 Maquilas (INEGI) December 2010 590 IMMEX Companies (INEGI) December 2010 590 IMMEX Companies (INEGI) ???
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Copyright(c) 2010 Juan B. Morales8 EMPLOYMENT INDICATORS 1.0 EMPLOYMENT INDICATORS Tijuana Maquila Employment continues to fall 2007 Jobs Lost 6,564 (+ 3.8%)* Jul to Dec Avg. 2008 Jobs Lost 12,075 (- 6.8%) Avg. Yearly Employment 2009 Jobs Lost 27,444 (- 16.6%) Source: INEGI
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Copyright(c) 2010 Juan B. Morales9 EMPLOYMENT INDICATORS 1.0 EMPLOYMENT INDICATORS Tijuana Unemployment continues to Rise Source: Tijuana Data INEGI / Avg. U.S. Data BLS
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Copyright(c) 2010 Juan B. Morales10 1.0 EMPLOYMENT INDICATORS Tijuana Maquila Turnover March Slight Increase ? Slow Recovery ?
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Copyright(c) 2010 Juan B. Morales11
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Copyright(c) 2010 Juan B. Morales12 2.0 Inflation in 2010 is Higher than last Year ** Yearend Projection National 5.3%e- Stable Xchg Rate => Less Inflation for Tijuana
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Copyright(c) 2010 Juan B. Morales13 Thank You ! Questions ?
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