After Two Years Jobs Start to Fall in Brazil

    In September, Brazilian industry interrupted a 2-year trend, when it had a higher number of job dismissals than new employments. In September, the number of industry workers dropped 0.03% in relation to August. But, when compared to September of last year, it increased 2.19%.

    In spite of the reduction in job generation, the sum of the salaries of all industry workers’ keeps growing. In comparison to August, real salary improved 0.43% in September.

    And when compared to September of last year, the increase was even higher: 7.43%. It is the seventh consecutive high for this indicator.

    These data are presented in the Industrial Indicators report, released this Tuesday (8), by the National Confederation of Industry (CNI).

    CNI economist, Paulo Mól, explained that this real salary improvement does not reflect a favorable industrial performance, but that it is a direct consequence of inflation reduction, which improved the purchasing power of salaries.

    ABr

    Tags:

    • Show Comments (0)

    Your email address will not be published.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 Indians Davi Kopenawa by Fiona Watson

    Brazil’s Shaman Appeals in Germany for Bushmen Rights

    Davi Yanomami, a renowned Indian leader from Brazil's Amazon, has made an emotional plea ...

    LETTERS

    If Lula is not elected, then chances of profound reform will be postponed yet ...

    Community Gives Big Boost to AIDS Fight in Brazil

    In the opinion of the technical director of the Brazilian Ministry of Health’s HIV/AIDS ...

    Inflation fear in Brazil

    With High Inflation and Low Growth Brazil Doesn’t Know What to Do With Its Interest Rate

    Brazilian analysts believe Brazil’s central bank will leave its benchmark interest rate unchanged at ...

    Japanese in Brazil Looking for a Good Deal

    A Japanese mission is visiting the city of Manaus, capital of the state of ...

    Car dealer in Brazil

    Lured by Lower Taxes Brazilians Flock to Car Dealers

    In Brazil automobile output climbed in June for the second straight month as car ...

    Brazil’s First Astronaut Celebrates Brazilian Aviation’s Father

    A new, two-man crew of the International Space Station (ISS) and a Brazilian astronaut ...

    Lower than Expected Inflation in the Horizon for Brazil

    Latin American shares moved in different directions today, with Brazil trending lower and Mexico ...

    Brazil Debates a Plan for Racial Equality

    Blacks, whites, Indians, gypsies, Arabs, Palestinians, Jews, Asians, Muslims, and descendants of runaway slaves. ...

    Lula Pats Himself on the Back for Brazil’s Booming Economy

    On his fortnightly radio program, Brazilian President Luiz Inácio Lula da Silva commented on ...