Charts Of The Day: Unemployment & Remittances Down

Recent unemployment data released by Mexico's central bank suggests that job losses peaked in September, five months after economic output hit rock bottom. We had initially anticipated official unemployment to continue rising towards 7.0% by end-2009, but November's 5.3% reading - a significant improvement from the 6.4% peak hit just two months earlier - has prompted us to revise this down to a more optimistic 5.5%.

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