Mediocre Results: 9,000 New Jobs Created in Brazil

Employment levels in the Brazilian southeastern state of São Paulo industrial sector remained practically stable in May, rising only 0.45%, compared to April.

According to a bulletin released this week by the state Industrial Center (Centro das Indústrias do Estado de São Paulo – Ciesp), a total of 9,497 new jobs were created in May.

That brings the cumulative total of new jobs for 2006 to 55,818, an increase of 2.67%.

The Ciesp director of Economy, Boris Tabacof, described the result as "mediocre," adding that although jobs were added the number was very low compared to what the sector can and should be doing.

"Anyway you look at it the May job performance was weak," he declared.

Tabacof went on to say that the May performance does not seem to indicate anything for the future.

"It just does not inspire confidence. We have to wait and see what happens over the next few months."

ABr

Tags:

You May Also Like

And Now the World

Increased liberalization of economic policy in Brazil is creating new threats and opportunities for ...

Land Ahoy!

Brazil has close to 12 million landless peasants. Although the country’s constitution guarantees the ...

13 Years Later Brazilian Journalist’s Murderer Still Unpunished

The IAPA (Inter American Press Association) called on newspaper readers throughout the Americas to ...