Wages hold steady as Americans take more McJobs

Article Abstract:

The US now has one of the lowest unemployment rates in the industrial world, and household income rose in 1995 for the first time in 1989. However, there is no indication of the rising wage rates which would normally result from falling demand for labour, and this has prompted the Federal Reserve's decision not to raise interest rates. Earnings for full-time workers have actually fallen, so in households where income has increased, it must mean that individuals are taking on more than one job or more people in the household are working.

Analysis, Economic aspects, Personal finance, Column, Unemployment

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'Mexican crisis will not frighten off investors.'

Article Abstract:

Investment in emerging stock markets fell to $39.5 billion in 1994, from $46.9 billion in 1993, according to a report from the World Bank. Total private capital flows reached $172.9 billion, from $159.2 billion in 1993, but this rise was much less than in the period 1992-93. However, the Mexican crisis will not reverse the flow of private funds into emerging markets, the World Bank believes. Factors such as the importance of foreign direct investment and international sourcing and production are likely to boost private investment.

Investments, Developing countries

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G7 to hold emergency talks on Mexican crisis

Article Abstract:

The economic crisis in Mexico is already starting to have a negative impact on international financial markets, and this issue will be addressed by the Group of Seven leading industrial countries at an emergency meeting in Feb 1995. Analysts have responded favourably to news of an additional US rescue deal for Mexico, and the US dollar and the peso have already started to stabilise. Further support is also expected to come from the World Bank.

Mexico, Economic assistance, Foreign economic assistance, Financial markets

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