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Latin America Business News

September 2010 Archives

On the Eve of Labor Day Employment Outlook for Latino Workers Remains Dim with 12% Unemployment Rate

As the country prepares to honor its work force on Labor Day this Monday, the employment picture in the country remains bleak. The unemployment rate rose in August for the first time in four months to 9.6%. Latinos in the country have been hit especially hard with a higher rate of unemployment at 12.1% and fewer employment opportunities especially if they are uneducated. continue reading »

Carlos Slim Investing $1.4 Billion in Urban Renewal for Mexico City

Carlos Slim Investing $1.4 Billion in Urban Renewal for Mexico City

Mexican billionaire Carlos Slim Helu is investing $1.4 billion in renovating a run down section of Mexico City known as the Plaza Carso. The Plaza upon completion will provide housing, commercial office space and cultural sites. More importantly, the Plaza Carso project will create 5,000 jobs mainly in construction with more jobs expected as retailers fill the commercial space. continue reading »