sector

NEWS via ABQjournal: Mexican economy’s growth in overdrive

March 19, 2014 // 0 Comments

Mexican economy’s growth in overdrive By Jerry Pacheco / For the Journal PUBLISHED: Monday, March 17, 2014 at 12:05 am The current economic situation in Mexico reminds me of what was going on in this country in the early 1990s. At that time, Mexico had fully committed to opening up its economy and opting for trade liberalization. It had a young president who was openly supportive of commerce and of foreign direct investment in his country. A wave of privatization, reversing the trends in the 1980s, was sweeping the country as it opened up its telecommunications and financial industries. The North American Free Trade Agreement was implemented in 1994 and Mexico was going full steam ahead to create a modern economy. Perhaps more than anything, there was a spirit of change and excitement in the air. Fast-forward 20 years and this same feeling seems to be in the air, as the Mexican economy grows and change is happening daily. Since taking office at the end of 2012, Mexican President [...]

NEWS via Guardian Liberty Voice: China Population Structure Change Demands Economic Reform

March 15, 2014 // 0 Comments

China Population Structure Change Demands Economic Reform Added by Tina Zhang on March 15, 2014. On March 13, China’s annual parliament meeting closed. Reforms in financialsector, economic structure, environmental protection, and many other areas were proposed. During the nine days of the meeting, there was plenty of news showing disappointing performance in areas such as investment, retail sales and factory output in the first two months of this year. These already invited speculations that policy easing from the government should be imminent. Beijing repeated said it would tolerate slower economic growth in exchange for economic structural transformation. Aside from the often-quoted reasons for such reform, the unstoppable change of the population structure demands China must tough through the pain of slowing economy and its structural reform. China’s working-age population shrank for the first time in 2012 by 3.45 million. Looking into the future, the number of 15 to 24 [...]

NEWS via CNN Money: 11 cities where workers are disappearing

March 14, 2014 // 0 Comments

NEW YORK (CNNMoney) Cincinnati, Cleveland and Dayton, Ohio The labor force has been shrinking in all of Ohio’s major cities other than its state capital, Columbus. Cleveland has lost 52,000 workers, or about 5% of its labor force, since November 2007, and Cincinnati lost 39,000 workers, or about 4% of its labor force, since May 2009, according to U.S. Bureau of Labor Statistics data. Job growth is anemic, particularly in Ohio’s main industry, manufacturing. Signs point to workers giving up, said Amy Hanauer, executive director of Policy Matters Ohio. “I think people are getting discouraged and leaving the labor market,” she said. Ohio lost 388,000 jobs in the financial crisis, and has since gained only about a fifth of them back. Phoenix and Tucson, Ariz. The fallout from the housing bust is still felt here. The construction sector slashed more than half its jobs in the crisis, and they’ve only started to trickle back in the last few months. But the [...]

INFOGRAPHIC: NPR-Planet Money: Every Job In America, In 1 Graph

January 10, 2014 // 0 Comments

National Public Radio posted a nice info graph that depicts employment numbers in each sector of the United States economy. This is a good opportunity to try to point out which sectors are PRIMARY, SECONDARY, TERTIARY, QUATERNARY, and QUINARY. The data is taken from the Bureau of Labor [...]
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