Unemployment Down in Brazil, Production Too

Brazil’s unemployment rate reveals a firm downward trend, which should become more solid over the course of President Lula’s Administration. This affirmation comes from the Minister of Labor and Employment, Ricardo Berzoini.

Berzoini gave this rosy assessment while participating, earlier this month, in the opening of the seminar “Brazil-Canada: Challenges to Job Creation,” at the National Confederation of Industry (CNI) in Brasí­lia.


He commemorated the generation of 2.3 million formal job positions during the current Administration, in consequence of overall domestic economic growth, which registered a 5.2% increase in the Gross Domestic Product (GDP) in 2004.


He also foresaw the creation of “many more jobs” as a result of the changes proposed in the union reform project sent by the Executive to the National Congress.


Berzoini said the the growth registered during these two years of President Luiz Inácio Lula da Silva’s Administration “is reason for commemoration but not complacency.”


He emphasized the need for a more coordinated effort between the government and entrepreneurs for the country to consolidate its economic recovery even more, with more investments and the subsequent creation of jobs.


Industrial Production


Industrial production in January was down 0.5% in comparison with December, 2004. Compared with January, 2004, however, it was up 6.0%.


During the 12 months ending in January, the index rose 8.5%. This result maintains the upward trend and represents the highest level of growth since July, 1995, when it registered 10%.


These data are part of the Monthly Industrial Survey of Physical Production – Brazil, released March 9 by the Brazilian Institute of Geography and Statistics (IBGE).


In the assessment made by the IBGE, the start of 2005 indicates that growth is continuing, when longer time periods are compared. When the comparison is confined to more recent periods, the level of production evidences a certain degree of stability.


Translation: David Silberstein
Agência Brasil

Tags:

You May Also Like

A Brazilian Leading Ethanol Maker Vows Lower Emissions and Higher Wages

Brazil-based Infinity Bio-Energy, a leading Brazilian Ethanol producer, announced that it is adopting new ...

Supreme Reverts Lower Court: American Boy Sean Stays in Brazil

American David Goldman, after a five-year judicial fight to have custody of his biological ...

4.1% of Brazil’s Exports Go to Arab Countries

Between January and March, Brazilian exports to the 22 countries that comprise the Arab ...

Brazilian singer Emilinha Borba

Brazil Loses Emilinha, an Idol from the 1940s, Who Never Left the Limelight

Brazilian legendary singer from the 1940s and 1950s, Emilinha Borba, died Monday, September 3, ...

Tortured by the Military Former Brazilian Prisoners Want Truth Commission

Former Brazilian radical militants who were tortured during the Brazilian military regime (1964/1985) supported ...

Brazil’s Best-Selling Paulo Coelho Posts Novels on Web for Free

Publishing House HarperCollins has declared 2008 the year of Brazilian best-selling novelist Paulo Coelho. ...

Brazil’s 10-Million Ad Blitz to Make Chicken into a National Symbol

A US$ 10 million campaign is being elaborated by advertising agency Young & Rubicam ...

Brazil Sound: A Highly Emotive Blend Celebrates Jobim

While fine art can definitely arrive in conventional containers, we experience another kind of ...

Brazil and Argentina Can’t Find Common Ground on Trade Barriers

Officials from Brazil and Argentina failed to reach an agreement to defuse growing tensions ...

Brazil’s (Sí£o Paulo and Rio) Cost of Living Climbs 22 Places Among World’s Cities

Mercosur capitals figure in the lower half of the world’s most expensive cities according ...