After Two Years Jobs Start to Fall in Brazil

In September, Brazilian industry interrupted a 2-year trend, when it had a higher number of job dismissals than new employments. In September, the number of industry workers dropped 0.03% in relation to August. But, when compared to September of last year, it increased 2.19%.

In spite of the reduction in job generation, the sum of the salaries of all industry workers’ keeps growing. In comparison to August, real salary improved 0.43% in September.

And when compared to September of last year, the increase was even higher: 7.43%. It is the seventh consecutive high for this indicator.

These data are presented in the Industrial Indicators report, released this Tuesday (8), by the National Confederation of Industry (CNI).

CNI economist, Paulo Mól, explained that this real salary improvement does not reflect a favorable industrial performance, but that it is a direct consequence of inflation reduction, which improved the purchasing power of salaries.

ABr

Tags:

You May Also Like

Brazil Caudillismo: A State Where Everything Is Named After Senator Sarney

Following a series of scandals that took Brazil’s Senate President, José Sarney, to the ...

Brazilian Jihad: Suicide Attack on Copacabana Beach – Part 2

This is the second part of a five part series on the Revolt of ...

Old Plan, Old River

California and Israel have been used as inspiration for several irrigation plans in the ...

Brazil to Grow 3.1% This Year, Say Financial Analysts

Brazil’s Central Bank financial market analysts have maintained at 3.1% the estimated growth this ...

In Brazil, I Found Out, Magic Is an Everyday Reality

There is a church in Curitiba that blesses cars. When I first heard this, ...

TAM’s New Direct Rio-New York Flight Arrives 6 am at JFK

Brazilian airline TAM has started operating direct flights between Rio de Janeiro and New ...

Jewish Hospital in Brazil Gets Cutting Edge Radiation Therapy

Brazil’s Albert Einstein Jewish  Hospital has become the first facility  in South America to ...

Brazil Approves VNS Therapy for Epilepsy

Cyberonics, Inc. announced yesterdat that it received approval from the regulatory agencies in Brazil ...

‘Pardon Us for Slavery,’ Says Brazil’s Lula in Africa

Brazilian President Luiz Inácio Lula da Silva asked Africans to forgive the suffering inflicted ...

After Defeat, Can Lula Do Any Reform in Brazil?

Valentine’s Day is not celebrated in Brazil. Lover’s Day is. Regardless, Brazil’s governing PT ...