According to an article published in late August by Fox News, an increasing number of young engineers, journalists, sound technicians, advertising professionals and graduates in business administration have been leaving Spain for job opportunities in Mexico.
“Many qualified Spaniards in search of a better future are setting their sights on Mexico, whose economic prospects remain positive despite the global slowdown, ” writes Fox News. “Mexico offers them a promising future.”
Numbers don’t lie, and according to the National Migration Institute, in the first half of 2012 more than 1,000 Spaniards successfully obtained work permits in Mexico, which is an increase of nearly 35 percent over the same period in 2011. Also of note, at the end of 2011 only 514 Spaniards submitted job applications to Mexico’s OCC employment website, compared to 674 by the end of July in 2012.
“The Mexican labor market offers a lot of opportunities in a country where a dynamic private business sector continues to spur the country’s economic growth, ” shared OCC public relations director Fernando Calderon.
Considering that Mexico’s economy grew by more than 4.3 percent throughout the first half of 2012 and is predicted to do the same during the second half of the year, while Spain experienced a growing unemployment rate following the devastating effects of the global recession, it’s easy to see why Mexico real estate provides a very attractive opportunity for job seekers in Europe.
In fact, unemployment in Mexico is down to only 4.2 percent of the workforce, compared to 5.2 percent in 2011. Compare this to Spain, where the jobless rate is at nearly 25 percent for all ages and at more than 50 percent for workers who are under the age of 25. According to Spain’s National Statistics Institute, at least 87,000 Spaniards were living in Mexico as of 2011 and this number is projected to continue to grow along with Mexico’s economy.