GlobalAutoTV
Click to watch Wim van Acker -
Click to watch Wim van Acker -
latin resources

Need an office in Mexico or Brazil? Office suites, meeting rooms, virtual offices, network access



free downloads
LATIN AMERICA: "Autos: Brazil Demand Remains Soft in November 2015 (report)"

LATIN AMERICA: "Autos: Brazil Demand Remains Soft in November 2015 (report)". 5-page report by BAIRD.

proceed to download
eJournals




back to index backLATINtalk December,  2016


Unemployment in Brazil Reaches 11.8 Percent

Unemployment rises in latest trimester that ended in October, to 11.8%, up slightly from the previous trimester that ended in July, 11.6%.

On Tuesday, November 29th, the Brazilian Institute of Geography and Statistics (IBGE) released its latest national survey (PNAD), which showed that for the three-month period that ended in October, the unemployment rate reached 11.8 percent, a slight increase from the previous trimester that ended in July of 11.6 percent.

However, the latest trimester figures were significantly higher than the same three-month period in 2015 when unemployment topped 8.9 percent.

The unemployed population in the August to October 2016 trimester was twelve million, virtually identical to the previous May to July trimester. According to the report, this is the third consecutive trimester in which the number of unemployed in the country was over twelve million.

Compared to the same three-month period in 2015, the current figures are 32.7 percent higher, which amounts to over three million additional unemployed.

Importantly, as the unemployment figures do not consider individuals who have given up searching for work, the report also highlights statistics for the number of employed individuals in the country. Here, the total number of Brazilians employed in the August to October period, 89.9 million, represented a slight decline of 0.7 percent from the previous three-month period. According to the report, this amounts to 604,000 people who left labor market and are not looking for work.

The situation is much more serious than the numbers show, apparently, because the employed population continues to decline,” explained IBGE research coordinator, Cimar Azeredo, to local media. People have mostly given up looking for work because of the difficulty presented by the market to generate jobs.”

Compared to the August to October 2015 period, the number of employed individuals in Brazil decreased 2.6 percent, representing 2.4 people who left the job market.

According to the IBGE, the employed population includes people in work in the week before the survey took place, that is, people who worked for an employer, those who had their own business, and those who worked without pay to help their family.

Source: The Rio Times
- GAI






previous page

go top
search our site


Loading

LATINtalk

Other articles from the same issue (December,  2016).

The Mexican Automotive Industry: Current Situation, Challenges and Opportunities
play read on

Government wants to make the competitive Brazilian automotive industry globally national production
play read on

GM Forecasts Brazil’s Auto Economy To Recover Starting In 2017
play read on

Mexico’s Auto Industry in Jeopardy as Trump Policies Could Wipe Out 1 Million Jobs
play read on

Parent companies aiding auto subsidiaries in Brazil
play read on

In-Vehicle Connectivity to Propel New Growth Opportunities for OEMs in Latin America
play read on

Portugal And Brazil Cooperate To Build An Affordable Electric Car
play read on

NAFTA and the New Trump Administration: Your Top Ten Questions Answered
play read on

With NAFTA on the Chopping Block, Implications For Nearshore IT Are Very Real
play read on

Mexico is third most dangerous country Risk analysis firm's index ranks Mexico as 'extreme risk'
play read on

Brazil: Company retrieves partial repayment from an employee in relation to his non-compete covenant
play read on

What’s on the minds of CEOs in Mexico
play read on

Industry Expert Talks About 3D Printing In Latin America: 'We Want Printers To Supplement Other Machines'
play read on

Getting Your Brazilian Documents as an Expat
play read on

Mexico M&As: The Trump Impact
play read on

Worst Case Scenario: How Mergers Go Wrong In Brazil
play read on

Argentina: New salary agreement for commerce and services employees
play read on

Mexican government proposes tax incentives on IT services and R&D activities for 2017
play read on

OECD optimistic about global growth; anticipates strong performance of Argentine economy next year
play read on

Doing Business in Argentina 2016 - Guide
play read on

Latin American exports downward trend is greater than in the rest of the world
play read on

Amendments to Argentine Employment Contract Law
play read on

Santander bank confident of Brazil's “rapid recovery”
play read on

Mexico Cost of Living Guide 2016
play read on

Getting Around in Mexico
play read on

NAFTA value falls 2.3 percent; freight has declined 20 of last 21 months
play read on

Unemployment in Brazil Reaches 11.8 Percent
play read on

Argentina's tax amnesty program “rescues” US$ 21.9bn including US$ 7.2bn in cash
play read on

Brazil loses 750,000 jobs in 10 months this year
play read on

Corporate Compliance and Responsibility – More than just words on paper
play read on


Our Free eJournals
GlobalAutoExperts

To visit GlobalAutoExperts Directory, click here.


©2008 GlobalAutoIndustry.com | HCI Group, Ltd.
101 West Big Beaver Road, Suite 1400 | Troy, MI 48084 USA
USA Tel: +1.248.687.1060 | USA Fax: +1.248.927.0347
Fax UK: +44.(0)845.127.4765 | Fax Europe: +31.20.524.1659 | Fax Asia: +852.3015.8120