• Categories
  • Archives

Brazil Celebrating Low Unemployment and High Industrial Output

Brazilian worker It was the lowest unemployment rate in Brazil for the month of March since 1998, when it was 15.1%, even although unemployment in March rose to 13.7%, from 13% in February. 

The numbers are from a survey by the labor-union-linked Department of Socio-Economical Statistics and Studies (“DIEESE”), which took place in six metropolitan regions (São Paulo, Salvador, Belo Horizonte,  Distrito Federal, Porto Alegre and Recife ).

The total number of jobless there is slightly over 2,760,000. DIEESE estimates the number of people holding jobs in those metropolitan regions at over 17,400,000.

Between February and March, the DIEESE survey found that there was little variation in average take-home wages.

Strong Output

After a timid rise at the beginning of the year, the Brazilian industrial sector now shows strong growth. According to a survey by the National Industrial Confederation (CNI), its production index rose from 49.2 in January and 50.8 in February to 62.9 in March. When the index is above 50 it indicates growth.

Thus, the average production index for the first quarter was 55.5, the best since the third quarter of 2004.

A spokesperson for CNI says the numbers show that for all effects Brazil has come out of the Great Recession with flying colors. The percentage of installed capacity being used is now running at 74%. Just before the crisis, during the first quarter of 2008, it reached 75%.
Confidence in the Brazilian industrial sector has remained steady (and high) during all of the first quarter. The CNI confidence index was 66.1 in March, compared to 66.2 in January.

The CNI surveyed 1,277 companies (677 are small businesses, 367 are medium-sized and 183 are corporations). The survey took place between April 5 and 15.

ABr

Tags:

  • Show Comments (3)

  • Tiger

    How does Brazil measure unemployment? If someone works one day does that count as “employed”? I doubt anyone in all of Brazil actually believes that just 15% of Brazilians are unemplolyed. I doubt they even have a concept of “underemployed.” Go to the small towns in the interior of the country. If an entire family works on a farm (een a tiny one), even if they make no money and can barely survive, are they counted as employed? Maybe the fact that more PT leaders are getting jobs counts for something.

  • ch.c.

    ch.c. is back, Dr. Ahmedinejad will be pleased
    Dr. Ahmedinejad welcomes back ch.c. Where have you been sweetheart?

  • ch.c.

    “It was the lowest unemployment rate in Brazil for the month of March since 1998, when it was 15.1%,”
    WHAT A LIE !!!!! WHAT A LIE !

    Suffice to read the March 2008 and March 2009 unemployment stats.
    Just scroll the news in this site.

    UNEMPLOYMENT WAS A LOT LOWER than 13,7 %

    A typical Braz-zero LIE !

    And I challenge anyone to prove me wrong.

    Never ever trust a Brazilian…proven one more time !

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil Lula’s Popularity Tumbles 10 Percentage Points

Brazilian President Luiz Inácio Lula da Silva’s popularity declined from 59.9% in July to ...

John Paul II’s Trip to the Great Nothing

In The Plague, by Albert Camus, Father Paneloux provides a long exposé about the ...

Good Times Bring Brazil, West Africa and India Together

Brazilian President, Luiz Inácio Lula da Silva and the prime minister of India are ...

Primary Surplus and Inflation News Takes Brazilian Stocks to Record High

Brazilian shares surged on further signs of strength in Latin America’s biggest economy, while ...

Confounding Expectations Brazil’s 12-Month Surplus Grows to US$ 46 Bi

Brazil exported in March US$ 11.367 billion, and spent US$ 7.686 billion with external ...

Brazilian Exports Press Ahead: US$ 43 Bi in Trade and US$ 14 Bi Surplus

Brazil’s exports last week amounted to US$ 2.342 billion, as against US$ 1.271 billion ...

US and the Rich Urged in Brazil to Cancel Poor Nation’s Debts

The Global Call to Action Against Poverty (GCAP), the biggest ever global mobilization to ...

Smaller Harvest Means US$ 4 Billion Less for Brazil

Brazil’s Minister of Agriculture, Roberto Rodrigues, admitted Friday, June 24, that he expects agricultural ...

Brazil’s Exports of Granite and Ornamental Stones Grow 56%

The Brazilian Association for Dimension Stones Industry (Abirochas) is going to participate in the ...