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You are here : Stone Home > Info Center > Global Trade > Mexico's manufacturing sector sees worst job fall in 14 years

Mexico's manufacturing sector sees worst job fall in 14 years

Updated:2009-07-31 10:06:46

The employment rate in Mexico's manufacturing sector fell by 8.9 percent in May, the worst for a month since May 1995, said a report released Thursday by the National Statistics Agency.

The employment rate for production line workers saw a decline of 10.2 percent, while the figure for administrative staff witnessed a drop of 5.5 percent.

The figure of man-hour fell by 13.3 percent, showing that those who had kept their jobs were working less.

The worst-hit was those working for transportation equipment as it is export-oriented.

Mexico is suffering a recession dragged mainly by a drop in exports given the large declines in demand from the United States which buys some 80 percent of Mexico's total exports.

Mexico's domestic demand has also fallen due to a credit crunch that hit consumer and business lending.

 

 

Source:http://news.xinhuanet.com

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