Investments from major car makers are set to bring thousands of jobs and billions of dollars to Mexico. Latino Daily News reported that a new BMW plant is expected to open in San Luis Potosi in 2019. It will employ ,500 workers and add thousands more positions in coming years. Renault-Nissan and Daimler have also announced a plant in Aguascalientes, which will provide around 5,700 jobs.
The new BMW facility comes with a $1 billion investment in the county's economy. More than 150,000 cars should be produced at the factory each year. The plant in Aguascalientes is expected to make 300,000 vehicles of the Mercedes-Benz and Infiniti lines annually, and be built at a cost of $1.4 billion.
According to data from the Organization for Economic Cooperation and Development, Mexico's employment rate in the first quarter of 2014 sat at around 61 percent. That figure has remained nearly unchanged for many years. At least as far back as the first quarter of 2005, the country's first-quarter employment rate has stayed between 59 percent and 61 percent.
Statistics from the United Nations put the country's most recent unemployment rate at 5.2 percent.