This report analyzes the jobless recovery phenomenon observed in Mexico during the current and previous crisis. It analyzes the role of job creation and destruction in the economic cycle and researches different causes that might explain a jobless recovery. Some of these are structural change,...

The variation of real wages in the Mexican labor market has been very large over the last three decades, either measured in dollar terms or adjusted by national price indexes. The overall economic activity has also been subject to three episodes of Depression-sized business cycles. This paper...