Brazil’s Finance Minister Dismisses News of Increasing Unemployment

Factory in Brazil Guido Mantega, Brazil’s Finance Minister, said that in Brazil “employment is still on the rise and our unemployment rate is still among the lowest in the world.”

He played down the figures released by the Brazilian Institute of Geography and Statistics, which revealed a 0.7 percent decline in the employment rate in June. “This turnover we have is normal. At some moments the outflow in a certain sector is a bit larger, but what matters is the overall balance, which shows that employment is still increasing,” Mantega argued.

Employment in the country’s industrial sector, however, reports an accumulated loss of 2.6% in 2014, and July saw the fourth consecutive fall.

The state of São Paulo, home to Brazil’s largest industrial complex, was observed to experience the most significant negative impact, followed by Rio Grande do Sul, Paraná and Minas Gerais. On the other hand, the state of Pernambuco was seen to rise, driving up the index.

ABr

Tags:

You May Also Like

Left Marches Against Lula and Vows to Stop Brazil with Strikes

Carrying banners and flags, demonstrators taking part in the March against Corruption and the ...

Alcoa Has Big Plans for Brazil

U.S.-based Aluminum giant Alcoa announced that its Board of Directors has approved investments in ...

Iranian Leader’s Visit to Brazil Takes the Gloss off Lula’s International Image

The only good thing to say about the visit to Brazil of Iran’s president, ...

Beef Exports Have Already Brought Brazil Over US$ 2 Billion This Year

From January to May Brazil has exported US$ 2.06 billion in beef, representing growth ...

US-EU-Brazil Team Can’t Agree on How Much Water Should Go in Ethanol

A Brazilian-American-European taskforce of technicians created to define an international standard for ethanol has ...

Brazilian Trash Pickers Get Rid of Middlemen With Their Own Recycling Plant

Big populations generate a lot of waste. Modern big societies generate a huge amount ...

To Curb Speculation Brazil Reverses Course and Taxes Foreigners Who Buy Stocks

Foreigners investing in Brazil will pay a 2% tax on Brazilian real denominated, fixed-income ...

Lula’s Human Rights Program as Explained by One of Its Architects

Brazil’s National Program for Human Rights (PNDH-3) announced last week has suffered a barrage ...

Google Move and IPOs Draw Foreign Money to Brazil and LatAm

Private equity and venture capital interest in Latin America is picking up, with some ...

Brazil Dedicates a Day to Solidarity with Palestinians

Brazilians expressed their solidarity, yesterday, November 29, to the people of Palestine, an Arab ...