A Mixed Bag for Brazilian Job Market

    The index of new hires by firms in the São Paulo metropolitan area continued to grow in July, even though the pace was slower than during the three previous months. The employment level rose 0.4 percent, which represents an addition of 32 thousand people to the contingent of employed workers, who now total 8.127 million.

    In July the increase amounted to 1.3 percent (107 thousand new
    positions), while hiring in May rose 2 percent (157 thousand).

    service sector, which hired 73 thousand workers, was the only one to maintain
    the upward trend in job offers. The total number of workers employed in this
    sector increased from 4.234 million to 4.307 million.

    In the commercial sector, 35 thousand job positions were
    eliminated. In industry a thousand jobs were lost, but this is considered a
    stable figure, since there are still positions to be filled, according to the
    research coordinator of the Seade Foundation, Alexandre Loloian.

    data are drawn from a study released August 25 by the Inter-Union
    Department of Statistics and Socio-Economic Studies (Dieese) and the State
    System of Data Analysis Foundation (Seade).

    According to the technical director of the Dieese, Clemente
    Ganz Lúcio, even though the rate of increase in job offerings is less intense,
    the unemployment rate should continue to fall in coming months.

    He said that the economy usually heats up in the second half of
    the year. In July the unemployment rate was 18.5 percent, the lowest since
    December, 2002.

    The survey of employment and unemployment shows that 245
    thousand jobs were created in the past 12 months, surpassing the number of
    people, 156 thousand, who entered the job market.

    According to Ganz, for the economy to achieve sustained growth,
    with a high level of job creation and a strong reduction in the unemployment
    rate, it will be necessary to increase investments in production. These
    investments currently correspond to around 18 percent of the Gross Domestic
    Product (GDP).

    Agência Brasil
    Reporter: Marli Moreira

    Translator: David Silberstein


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