Although the average salary in the state of Chihuahua is 8.53 percent higher than it was two years ago, inflation has gone up even higher--11.31 percent--so purchasing power is down 2.8 percent. The average salary two years ago was 199.61 pesos; it has gone up to 216.65 pesos today (March 2010) which at the exchange rate is about $16.96 per day in U.S. dollars, but would have to be $17.44 to have the same purchasing power as two years ago.
Overall, jobs in the formal sector in the state of Chihuahua have declined by 11 percent since October of 2007 to a total of 629,195 (April), down from about 706,000 at that time.
Note: In New Mexico, although we have a population that is smaller than Chihuahua (a little over 2 million here, 3.3 million in Chihuahua) our formal work force here in spite of an 8.7 percent unemployment rate is about 959,000. In Chihuahua the informal labor sector is much larger than in New Mexico. The informal sector is neither taxed nor monitored by government and would include most servants, many informal working arrangements for services such as gardening and handiwork. It also includes crime, which has increased dramatically.
For story in Diario click here.