Brazilian worker It was the lowest unemployment rate in Brazil for the month of March since 1998, when it was 15.1%, even although unemployment in March rose to 13.7%, from 13% in February. 

    The numbers are from a survey by the labor-union-linked Department of Socio-Economical Statistics and Studies (“DIEESE”), which took place in six metropolitan regions (São Paulo, Salvador, Belo Horizonte,  Distrito Federal, Porto Alegre and Recife ).

    The total number of jobless there is slightly over 2,760,000. DIEESE estimates the number of people holding jobs in those metropolitan regions at over 17,400,000.

    Between February and March, the DIEESE survey found that there was little variation in average take-home wages.

    Strong Output

    After a timid rise at the beginning of the year, the Brazilian industrial sector now shows strong growth. According to a survey by the National Industrial Confederation (CNI), its production index rose from 49.2 in January and 50.8 in February to 62.9 in March. When the index is above 50 it indicates growth.

    Thus, the average production index for the first quarter was 55.5, the best since the third quarter of 2004.

    A spokesperson for CNI says the numbers show that for all effects Brazil has come out of the Great Recession with flying colors. The percentage of installed capacity being used is now running at 74%. Just before the crisis, during the first quarter of 2008, it reached 75%.
    Confidence in the Brazilian industrial sector has remained steady (and high) during all of the first quarter. The CNI confidence index was 66.1 in March, compared to 66.2 in January.

    The CNI surveyed 1,277 companies (677 are small businesses, 367 are medium-sized and 183 are corporations). The survey took place between April 5 and 15.

    ABr

    Tags:

    • Show Comments (3)

    • Tiger

      How does Brazil measure unemployment? If someone works one day does that count as “employed”? I doubt anyone in all of Brazil actually believes that just 15% of Brazilians are unemplolyed. I doubt they even have a concept of “underemployed.” Go to the small towns in the interior of the country. If an entire family works on a farm (een a tiny one), even if they make no money and can barely survive, are they counted as employed? Maybe the fact that more PT leaders are getting jobs counts for something.

    • ch.c.

      ch.c. is back, Dr. Ahmedinejad will be pleased
      Dr. Ahmedinejad welcomes back ch.c. Where have you been sweetheart?

    • ch.c.

      “It was the lowest unemployment rate in Brazil for the month of March since 1998, when it was 15.1%,”
      WHAT A LIE !!!!! WHAT A LIE !

      Suffice to read the March 2008 and March 2009 unemployment stats.
      Just scroll the news in this site.

      UNEMPLOYMENT WAS A LOT LOWER than 13,7 %

      A typical Braz-zero LIE !

      And I challenge anyone to prove me wrong.

      Never ever trust a Brazilian…proven one more time !

    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

    Cardoso and Lula

    Lula or Cardoso? Who Should Get the Credit for a Better Brazil?

    Ever since Brazilian president Luiz Inácio Lula da Silva took office in 2003 this ...

    Brazilian Firms Invest US$ 14 Billion in Foreign Companies

    The president of Brazil’s Central Bank, Henrique Meirelles, observed that Brazilian companies have been ...

    The Brazilian Landless Movement Won’t Rest Until They Get Their Revolution

    One of the most radical social movements in Brazil is the Landless Movement (Movimento ...

    Brazil’s Newborn Deaths at 20 Per Thousand, Double the Acceptable Rate

    The National Pact for the Reduction of Maternal and Neonatal Mortality, signed in March, ...

    Ayoreo Indians from Paraguay

    Brazilian Cattle Ranchers Destroying Indians Habitat in Paraguay

    In the Paraguayan side of the border between Brazil and Paraguay, the last uncontacted Indians ...

    Brazil Has Blocked Overseas US$ 300 Million Stolen from the Public Coffers

    The Brazilian government hopes to recover around US$ 300 million that were transferred abroad ...

    Senator Marina Silva

    Brazil Wants to Improve Female Participation in Elections. Now It’s 142nd in the World

    Brazil’s October general elections are expected to have the biggest participation of women in ...

    Unchanged 9.6% Jobless Rate in Brazil Is Good News for Market

    Latin American stocks climbed, with Brazilian shares posting some of the region’s biggest gains, ...