Number of Jobs Up 3.5% in Brazil, But Real Wages Grow a Meager 0.1%

Brazzil Magazine covers

The salary mass of Brazilian families rose 3.6% between April and June, in comparison with the first quarter of this year.

This result is among the findings revealed by a study of the Gross Domestic Product (GDP), conducted by the Brazilian Institute of Geography and Statistics (IBGE).


According to Cláudia Dioní­sio, an economist in the IBGE’s National Accounts Section, the growth of the salary mass is the reason for the increase in family consumption.


The IBGE study shows that family consumption rose 3.1% in the second quarter, continuing an upward trend that began in the second quarter of 2004.


Other factors to which Dioní­sio attributes the increase are the growth in the number of people with jobs and loans to individuals.


“All of a sudden, someone who was unemployed and was unable to buy became a consumer. All of this facilitates and encourages consumption,” she added.


According to Dioní­sio, the salary mass expands when there are increases in income and employment.


When the second quarter of 2005 is compared with the second quarter of 2004, the percentage of the employed population grew 3.5%, and average real wages rose 0.1%.


Agência Brasil

Tags:

You May Also Like

Brazzil Magazine covers

Brazil’s Samba Schools Teach Condoms Are Good for You

The "Only Happiness Will be Contagious This Carnaval" project, launched 14 years ago by ...

Brazzil Magazine covers

World Bank Praises Brazil and Latin American for Having Prepared for Crisis

The president of the World Bank, Robert B. Zoellick, stated that Latin American largest ...

Brazzil Magazine covers

4,000 Foreigners from 65 Countries Come to Brazil’s Leather Fair

Brazilian shoe producers exported higher added value products last year. The average price of ...

Brazzil Magazine covers

Brazil Seems Resigned to Uruguay’s Shunning of Mercosur

Promises and expectations of improved relations between Brazil and Uruguay and for Mercosur following ...

Brazzil Magazine covers

Brazil’s Foreign Debt Jumps 8.5% to US$ 174.5 Billion

Brazilian foreign debt totaled  US$ 174.560 billion at the end of October which represents ...

Brazzil Magazine covers

Office Equipment Gives Brazilian Industry Best Performance in 4 Years

The Brazilian industry increased its production by 2.8% in the month of October, compared ...