About Secret History

Commentary on Latin America.
Mostly about Mexico - but not always.
Designed to encourage readers to learn about
the apparently "secret history" of 500 million people
spread across two continents
- but not always.
You can always count on a little snark.

Monday, November 24, 2008

Revolution...part deux

Uno Mas Uno is reporting that as unemployment rises in Mexico, that the largest group affected by the trend is the 18 to 24 set. While the general unemployment index is pegged by UAM at just over 3%, the youth unemployment ranking is at 6.3%. Rising visible violence and youth unemployment are a dangerous combination. (Read the article).

Nevertheless, the entire economy contintues to expand, according to INEGI, with agriculture growing at 4.9% - a rate large enough to balance industrial losses associated with the decline of the US economy. This seems like a good sign for the popular Alberto Cardenas, current secretary of ag and a possible candidate in 2012. Most importantly, I think it bodes well (I hope) for keeping a lid on the spread of political violence as the bi/centennial approaches.

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