• Categories
  • Archives

Jobless Rate Reaches 10.1% in Brazil

Brazil’s unemployment rate was above 10% in February, the highest level in the last nine months, reported Thursday, March 23, the IBGE (Brazilian Institute of Geography and Statistics).

The 10.1% result is one full point above January’s 9.2% but below the 10.6% of February 2005. Compared to February 2005, in February 2006 there were 398,000 more people working with formal, on-the-books jobs; which means they pay taxes and receive worker benefits.

Unemployment, which had dropped to 8.3% last December climbed in February to its highest since May 2005, when it was 10.2%. The rise in unemployment last month was attributed to a seasonal cutback in temporary sales and factory positions.

Those jobs are normally scaled back following the hiring rush to meet end-of-the-year demand.

The official IBGE monthly unemployment rate measures the number of people seeking work in Brazil’s six largest metropolitan areas: São Paulo, Rio de Janeiro, Belo Horizonte, Porto Alegre, Salvador and Recife, and does not account for those employed in the informal sector, which in Brazil is estimated to be roughly half the country’s workforce.

Real wages in February 2006 were up 1.1% to an average US$ 463.88, compared to January. Compared to February 2005, the increase was 2.5%.

Mercopress

Tags:

  • Show Comments (3)

  • Guest

    reporter
    this is a great articleSUPPORT the PIPELINE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  • Guest

    TO THE IDIOT ABOVE
    DO YOU KNOW HOW MANY JOBS WE HAVE LOST IN USA…? JUST THIS PAST WEEK FROM GM, 30,000 JOBS

    BE PROUD AND SIGN YOUR NAME AFTER YOUR COMMENTS…

  • Guest

    ANOTHER LIE FROM LULA !!!
    He promised 10 millions jobs during his first mandate.

    Only 3.7 millions new jobs have been created !

    Lousy performance !

    Lula is a clown !

Your email address will not be published.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

Misguided Guide

Brazil and the Brazilians, the book, gives an inaccurate and dated view of Brazil. ...

Brazil Calls US Bluff on All This Free Trade Stuff Bravado

On April 20th 2010, a Memorandum of Understanding (MoU) was signed between the two ...

Brazil’s Former Chief of Staff Says Lula Is Responsible for Bribe Scandal

Brazilian President Luiz Inácio Lula da Silva is partly responsible for the corruption crisis ...

Living with Shortages

Tieta, Teresa Batista, Gabriela, Quincas Berro Dágua, Vadinho and Dona Flor. For many of ...

Brazil Creates Registry for Oil-Sector Small Companies

A national registry in Brazil is going to select products and services suppliers to ...

Brazil’s Chicken Breeders Get Mad at Bolivian President for Gay Comments

Chicken breeders of Brazil, the world’s largest exporters of the bird rejected and slammed ...

To Brazil and LatAm Obama Vows to Be Partner Not Savior

US presidential candidate Barack Obama is proposing a drastic change in US policy towards ...

Brazil Wants to Halve Its Transplant Waiting Line of 63,000

During National Organ and Tissue Donation Week, which runs through Friday, September 30, Brazil’s ...

Brazilian Love Affairs

The Brazilian press is in love with Brazil’s Finance Minister, Antônio Palocci. One of ...

Brazil’s Aircraft Maker Embraer Has New Training Center

Embraer (Empresa Brasileira de Aeronáutica – Brazilian Company of Aeronautics), Brazil's aircraft manufacturer, inaugurated ...