A Mixed Bag for Brazilian Job Market

The index of new hires by firms in the São Paulo metropolitan area continued to grow in July, even though the pace was slower than during the three previous months. The employment level rose 0.4 percent, which represents an addition of 32 thousand people to the contingent of employed workers, who now total 8.127 million.

In July the increase amounted to 1.3 percent (107 thousand new
positions), while hiring in May rose 2 percent (157 thousand).

The
service sector, which hired 73 thousand workers, was the only one to maintain
the upward trend in job offers. The total number of workers employed in this
sector increased from 4.234 million to 4.307 million.


In the commercial sector, 35 thousand job positions were
eliminated. In industry a thousand jobs were lost, but this is considered a
stable figure, since there are still positions to be filled, according to the
research coordinator of the Seade Foundation, Alexandre Loloian.

The
data are drawn from a study released August 25 by the Inter-Union
Department of Statistics and Socio-Economic Studies (Dieese) and the State
System of Data Analysis Foundation (Seade).


According to the technical director of the Dieese, Clemente
Ganz Lúcio, even though the rate of increase in job offerings is less intense,
the unemployment rate should continue to fall in coming months.


He said that the economy usually heats up in the second half of
the year. In July the unemployment rate was 18.5 percent, the lowest since
December, 2002.

The survey of employment and unemployment shows that 245
thousand jobs were created in the past 12 months, surpassing the number of
people, 156 thousand, who entered the job market.


According to Ganz, for the economy to achieve sustained growth,
with a high level of job creation and a strong reduction in the unemployment
rate, it will be necessary to increase investments in production. These
investments currently correspond to around 18 percent of the Gross Domestic
Product (GDP).

Agência Brasil
Reporter: Marli Moreira

Translator: David Silberstein


Tags:

Ads

You May Also Like

Lack of Publicity and Security Hurting Brazilian Tourism

The Brazilian Colors Plan survey, commissioned by the Ministry of Tourism, reveals the sector’s ...

Brazil’s Car Salon Celebrates Off-Road Machines

Over 500,000 Brazilian and foreign visitors should visit the 23rd Edition of the São ...

A Brazilian Ant With a Christian Message for the Whole World

Smilingüido is an ant that lives with his friends in the anthill of the ...

Brazil Exports Zero Hunger

The National Food and Nutritional Security Council (Consea) will accompany the Brazilian government’s initiatives ...

Fox to Brazil and Argentina: ‘Stop Stalling the FTAA’

Rioting in the streets of Mar del Plata and ongoing disputes among leaders over ...

Réveillon in Rio de Janeiro, Brazil

Iemanjá Is Waiting for Your White Roses on the Shores of Brazil

At the base of Corcovado mountain, about 100 men and women dressed all in ...

Leônidas, the Black Diamond and the inventor of the bicycle kick

Brazil Has Been Dazzling in World Cups Since Leônidas in 1938

Whenever the Soccer World Cup is mentioned, the mind is boggled by moments of ...

Brazilian Migrants on Way to the US Among Killed in Mexico’s Drug Gang Massacre

The Ministry of Foreign Relations of Brazil has received word from the Mexican government ...

Rio Celebrates Car-Free Day Promoting Bike Riding

A number of actions were staged in Rio de Janeiro, Brazil, in observance of ...

Jobs Report in US Lifts Brazilian Market

Brazilian and Latin American equities rose, as investors reacted positively to the U.S. jobs ...