Brazil’s Creation of New Jobs Tumbles Almost 50%

    Worker

    Worker The creation of registered, on-the-books jobs in Brazil took a nose dive in May. According to the General Employment Rolls (Caged) at the Ministry of Labor, a total of 139,679 jobs were created, a drop of 44.5%, compared to May 2011 when 252,067 jobs were created.

    It was the worse result for May since 2009. The best May on record was in 2010, when 298,041 jobs were created.

    The farm segment created the most jobs this May, 46,261, followed by services, 44,587. The manufacturing segment created 20,299 jobs.

    São Paulo was the state that created the most jobs in May: 52,600.

    Cumulatively for the year, Brazil has created 877,909 jobs, down 21% for the same period last year when 1.11 million jobs were created.

    A curious note is that on the same day Caged released its numbers, the government statistical bureau (IBGE) released its unemployment rate for May, which was 5.8%, the lowest ever for the month since records began in 2002.

    However, Caged and IBGE use different methodologies and sometimes arrive at divergent results. The IBGE survey, for example, is limited to six metropolitan regions: São Paulo, Rio de Janeiro, Belo Horizonte, Salvador, Recife e Porto Alegre.

    Foreign Trade Surplus

    Brazil’s trade balance registered a surplus of US$ 7.07 billion in the first half of this year. The surplus is the result of the difference between the total of US$ 117.215 billion in exports and US$ 110.142 billion in imports.

    The data was released July 2 by the Ministry of Development, Industry and Foreign Trade.

    In June, there was a surplus of US$ 807 million. Exports totaled US$ 19.354 billion, down 14.2%, compared to June last year. June imports reached US$ 18.547 billion, with an average daily value of imports coming in at a record for the month. Compared to the same period last year, imports were up 1.1%.

    Even with the surplus, there was an overall decrease in June exports, compared to the same period last year. All three categories of exports showed a decline: semi-manufactured (-22.37%), manufactured (-17.2%) and basic (-10.2% .)

    There were decreases in imports of capital goods (-0.5%), consumer goods (-7.1%), along with raw materials and intermediate goods (-3.1%). On the other hand, there was an increase in international purchases of fuels and lubricants (+22.8%).

    ABr

    Tags:

    • Show Comments (6)

    • beats by dre price

      http://www.wholesalebeats.net
      By creating content articles and referring them to your own net pages, you will receive two great positive aspects.

    • beats by dre price

      beats by dre price
      Someone essentially help to make severely articles I might state. That is the first time I frequented your website page and so far? I amazed with the research you made to create this particular publish amazing. Great task!

    • nick usa_male

      read this troll, SCHMUCK, aka fake american.
      Mittens Romney the draft dodger and Obummer are both of the same. Since you don’t understand that, shows what kind of imbecile you are.
      And seriously, go back to your government school, you’re typing sucks.

    • american

      mel brooks looks like a…
      nick,,fu doochebag..when obama gets defeated by a romney landslide and hillary clinton is fired .the tourist visa frauds and disgustingly high numbers of brazilian nationals overstaying their vacation in the usa will end once anbd for all..rule of law on illegal presence and illegal entry is just mere election away.. whats a smuck some kind of yiddish doochebag burger

    • nick usa_male

      Listen? Nobody can hear you schmuck. If you’re out of your meds, don’t worry, obama will take care of you, include with jobs in the US that don’t exist. FYI, Brazilians are leaving the country and only come here to buy our made in China crap that most here, in the US, cannot afford anymore.

    • american

      your visa has expired!!..please leave !!!
      listen ,,,no intelligent person in the world really believed that brazil was this big rising economy ..this propaganda was put out by the brazilian govt. to invite investment…the big lie ,the typical brazilian fraud !!!..illegal brazilians are not welcome in the united states so don,t send these unemployed illiterates to the usa …the tourist visa that is not a tourist !!!..

    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

    Brazilian Farmers Going Through Massive Losses

    According to the vice president of the Federation of Agriculture in the state of ...

    Laughing Lula

    After Getting Nobel Lula Might Consider Running Again for President of Brazil in 2014

    Luiz Inácio Lula da Silva, the president of Brazil, confirmed he is seriously considering ...

    São Paulo Governor Pans Brazil’s Key Interest Rate Hike

    José Serra, the governor of the Southeastern state of São Paulo and one of ...

    Brazilian Industry Says Disappointing Cut in Interests Brought Bitter Christmas

    The Brazilian Central Bank’s Monetary Policy Committee (Copom) has lowered the country’s key interest ...

    Dilma and her parents

    Bulgaria Can’t Get Enough of Brazil’s Presidential Candidate Rousseff

    Brazil and Bulgaria are worlds apart. Bulgaria is a small eastern European nation with ...

    Lúcio Flávio Pinto

    Legislation from Dictatorship Makes Brazilian Journalist a Hostage

    Brazilian journalist Lúcio Flávio Pinto reports from the lawless and isolated Amazon region of ...

    Iraqi Women and Their Desires in a Brazilian Stage

    Sitting on a bench, an Iraqi woman named Amal, fully covered by her black ...

    Ahmadinejad

    Ahmadinejad in Brazil to Erase Images of Iran’s Suspected Election Fraud

    The president of Iran, Mahmoud Ahmadinejad, arrives this weekend in Brazilian capital BrasÀ­lia accompanied ...

    Brazilian sweets

    Brazil to Push Its Sweets in Asia and Eastern Europe

    Brazilians are talking about increasing exports of chocolates and sweets to markets with great ...