The president of Mexico has suggested that close to 35,000 employment opportunities have been created in the North American country during the past two months.

Felipe Calderon identified a number of measures implemented by the ruling National Action Party that he claims have prevented Mexico losing around ten per cent of its total employment, ISRIA news agency reported.

In particular, President Calderon suggested that the economic downturn has generated opportunities for the country's automobile sector, which can offer multinational corporations the most competitive prices in the world.

Explaining that the federal government has not "stood idly by", the former Mexican secretary of energy highlighted the "enormous adversity" the country has faced.

President Calderon said: "Contrary to the forecasts that predicted that the country would not be able to survive and that government would not be able to cope with this adversity … we have created nearly 35,000 jobs, even though this worldwide crisis is still not over."

The Mexican peso has reached its highest level against the US dollar since May this week, fuelling optimism of an economic recovery.