Brazil’s Finance Minister Dismisses News of Increasing Unemployment

Factory in Brazil Guido Mantega, Brazil’s Finance Minister, said that in Brazil “employment is still on the rise and our unemployment rate is still among the lowest in the world.”

He played down the figures released by the Brazilian Institute of Geography and Statistics, which revealed a 0.7 percent decline in the employment rate in June. “This turnover we have is normal. At some moments the outflow in a certain sector is a bit larger, but what matters is the overall balance, which shows that employment is still increasing,” Mantega argued.

Employment in the country’s industrial sector, however, reports an accumulated loss of 2.6% in 2014, and July saw the fourth consecutive fall.

The state of São Paulo, home to Brazil’s largest industrial complex, was observed to experience the most significant negative impact, followed by Rio Grande do Sul, Paraná and Minas Gerais. On the other hand, the state of Pernambuco was seen to rise, driving up the index.

ABr

Tags:

  • Show Comments (0)

Your email address will not be published.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 Takes Zero Hunger to UN

Brazilian President Luiz Inácio Lula da Silva will once again call for a world ...

Brazil’s Mafia Boss Orders End of Rebellion from Maximum Security Cell

According to daily O Estado de S. Paulo, the order to stop the rebellions ...

Brazil’s Commercial Agriculture Gets 42% Boost in Funding

Luiz Inácio Lula da Silva, the president of Brazil, and the Brazilian minister of ...

2500 Tractors Jam Brazil’s Capital in Protest

A massive protest of Brazilian farmers and a first batch of 2.500 tractors (tratoraço) ...

Brazil’s Ombudsman Says 8 Years of Lula Saw US$ 38 Billion Stolen from Country’s Coffers

The numbers come from Brazil’s government itself. Brazilian politicians and public employees skimmed at ...

Lula in Tehran Avoids Press and Keeps Mum on Iran’s Nuclear Issue

After a full day of meetings with Iranian President Mahmoud Ahmadinejad and nearly an ...

Brazilian President dirties hand in oil to celebrate Brazil's self-sufficiency in the product

Without Goals Brazil Won’t Reach Self-Sufficiency in Science and Technology

After almost eighty years of effort, we have attained self-sufficiency in petroleum. That process ...

IMF: Brazil and Latin America’s Outlook and Challenges

Global growth reached a three decade high in 2004. Growth is projected to slow ...

Brazil’s Most Important Shoe Fair Hopes to Sell More Overseas

Francal, Latin America's largest shoe fair, due to start next Tuesday, July 10, in ...