US-Mexico trade booming:jobs coming back from China
From Fox News Latino
Rising wages in China, currency appreciation, and ocean-freight costs from Asia are a major factor for overall production costs, according to research conducted by AlixPartners, a global business-advisory firm. And that means more and more manufacturing work is going to the US/Mexico border area.
“We are still not back to pre-recession levels,” said Dr. Pablo Camacho, assistant professor of economics at Texas A&M University International, referring to jobs directly-related to trade in Laredo, Texas, a city with the busiest port of entry in the country.
Camacho said that the Bureau of Labor Statistics recorded that in 2008 there were over 10,500 transportation-related jobs, including truck drivers and transportation support staff workers in the Laredo area. In 2010, that number dropped to 9,483.
There were also a dip in the number of warehouse employees, from 764 in 2008 to 684 in 2010 in the Laredo area.