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A Framework That Provides Clarity

During periods of “low visibility,” confusion reigns: for every indication of one trend, there seems to be a countertrend. The key is to glean from the collective wisdom of reliable leading indicators a clear signal that the economy is headed for a turn.

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Feb 06 2014

What Mexican Remittances Say About U.S. Construction Jobs

Mexican remittances, accounting for around two percent of Mexican GDP, provide an important insight into income, spending, and employment for Mexican families and migrant workers. Yet, an additional benefit of understanding cycles in Mexican remittance growth is what they say about the U.S. construction industry in particular, in terms of near-term job prospects.

ECRI’s latest report presents this analysis, with key insights into whether U.S. construction sector job growth will strengthen or weaken in the months ahead, and whether growth in Mexican remittances themselves will wane or rebound.

Related News & Events

Job Growth Not Trending Higher

ECRI January 14, 2014

Even ignoring December data, the household survey, which sees far smaller revisions, counts a million fewer jobs created over the prior 12 months than the establishment survey. More

 

Secular Stagnation

Fox Business News January 22, 2014

GDP growth (yoy) has been less than 2% for four straight quarters, something we’ve never seen except during or right after a recession. More