Brazil: 2008 unemployment lowest in 6 years

23 January 2009

Sao Paulo, Brazil, 23 Jan – Brazil’s average jobless rate last year was 7.9 percent compared to 9.3 percent in the previous year, the lowest figure for six years, according to the Brazilian Institute of Geography and Statistics (IBGE).

December’s 6.8 percent unemployment figure was also the lowest monthly rate since 2002, said the IBGE, which studied the labor market situation in the states of Sao Paolo, Rio de Janeiro, Belo Horizonte, Salvador, Recife and Porto Alegre.

Around 1.6 million Brazilians were jobless in December 2008, 11 percent down in a year-on-year comparison, the IBGE said.

Brazil’s active working population in December remained stable at 22.1 million compared to the previous month but showed a 3.4 rise year on. Average earnings per worker increased 3.4 percent from 2007 to 2008 to reach 1,260.24 reais. (macauhub)