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Mexican employment advances but wages don't

Tuesday, March 31, 2015

The U.S. isn’t the only place where wages aren’t keeping up with gains in employment. South of the border, unemployment is gradually falling and more jobs are being created in the formal economy, but wages—already notoriously low–remain in a rut.

The Bank of Mexico showed that while the number of people employed has risen steadily since the 2008-09 crisis, average income has fallen and total wage mass has given back gains made in the wake of the economic slump.

Source: Wall Street Journal