Jobless in Brazil Grow to 2.3 Million: a 10.4% Unemployment Rate

The unemployment rate in the six largest Brazilian metropolitan areas was 10.4% in March, a rate viewed as stable in relation to February (10.1%), according to an announcement April 20 by the Brazilian Institute of Geography and Statistics (IBGE).

The total number of unemployed persons rose, however, from 2.232 million to 2.314 million.

For the first three months of 2006, the overall unemployment rate was 9.9%, the lowest since 2002, when the Monthly Employment Survey initiated its new historical series.

The IBGE also reported that the number of formal workers (with signed work papers) in the private sector grew 4.2% in comparison with March, 2005.

The average worker’s salary was estimated at US$ 473.72 (1,006.80 reais), 0.5% more than in February and 2.5% more than in March, 2005.

ABr

Tags:

You May Also Like

Brazil Still Ambivalent on Adopting Genetically Modified Crops

Brazilian legislation permits the cultivation of one type of genetically modified (GM) soy and ...

Brazil Flirting with Deflation

The Cost of Living Index (Àndice do Custo de Vida) (ICV), in the city ...

Recycled Sandals from Brazil Find a Following

A small company called Sandálias 755, from the northeastern Brazilian state of Alagoas, is ...

Brazil Decides Drinking More Coffee Is the Answer to the Coffee Crisis

One of the decisions of the 2nd World Coffee Conference, which took place this ...

Beer Makers in Brazil Busted for Half a Billion Tax Fraud

The tax embezzlement scheme allegedly practiced by the Schincariol beverage company may have diverted ...

China’s Big Appetite Makes Cotton Market Look Good for Brazil

Next year should be good for the cotton sector, with greater demand and, consequently, ...

RAPIDINHAS

The newest Nobel Prize in Literature, Portuguese writer José Saramago has just released another ...

Experts Lower Brazil’s GDP Growth Expectation to 1.91%

The economy of Brazil is expected to grow 1.91% this year. The forecast is ...

Brazilian Firm Builds Libya’s International Airport and Plan Long-Term Stay

Brazil's construction company Odebrecht believes that Libya will maintain for many years its current ...

US Bank Morgan Stanley Warns Brazil Growth Might Be Close to Zero

Brazil's economy could suffer a contraction during two consecutive quarters at the end of ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`