Record Low Unemployment Rate in Brazil for 2010
Brazil’s booming economy registered record low unemployment in 2010 as a strengthening economy created jobs. The rate fell to a record low in 2010, as the country’s economy records the fastest growth since 1985.
The unemployment rate in Latin America’s biggest economy fell to 6.7 percent last year, down from 8.1 percent in 2009, the Brazilian Institute of Geography and Statistics (IBGE) said on Thursday.
In 2003, jobless rate in Brazil stood at 12.4 percent, the highest recorded in the last decade.
Also, the unemployment rate fell to 5.3 percent in December 2010 month-on-month, the lowest level since March 2002.
Overall, the number of unemployed people in Brazil dropped to 1.6 million in 2010, down 15 percent compared with 2009.
The country’s labour minister Carlos Lupi has said that Brazil is estimated to create 3 million jobs in 2011.
Boosted by a strong domestic demand, Brazil’s economy is estimated to record a growth of 7.7 percent, the highest in 25 years, according to an analysis from Latin Business Chronicle.
2010 also saw the highest increase in monthly incomes of Brazilians at 1490.61 Brazilian real ($893.4), up 19 percent compared with levels in 2003. Per capita income was up 5.5 percent in 2010 compared with 2009.
However, inflation continues to be a concern for the economy with rise in food prices. It is expected to accelerate to 6.5 percent in 2011, recording the fastest increase since 2004, Bloomberg reported quoting Paulo Leme, the chief Latin America economist at Goldman Sachs.
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Labour minister Carlos Lupi has said that Brazil is estimated to create 3 million new jobs in 2011 - this will be going some if the last year's figures are a guide!
www.viacomercial.com.br/2011/01/18/criacao-de-empregos-formais-soma-252-milhoes-em-2010-e-bate-recorde/
The article itself reads that “[t]he unemployment rate in Latin America’s biggest economy fell to 6.7 percent last year, down from 8.1 percent in 2009,” something that would not have been correct had your 280,000 number been correct.
And seriously, stop making these stupid anti-PT comments. You look like a troll.
Jobs come and jobs go - that's why the *nett* figure is important.
If Sr. Lupi's 2.5 million *formal* jobs were created in 2010, how many were lost? We both know that a big part of the 'increase' came from the registration for tax purposes of existing *informal* jobs. This is a good thing in itself as it spreads the pressure of taxation across more of the people.
We also know that there are substantial numbers of these new 'formal' jobs are high-grade technical jobs that remain unfilled because the skills-base in the country is insufficent to find people to actually fill them. Hence the need for the new Coalition government to *ACTUALLY DO SOMETHING* about the standards and achievements in Brasilian primary and secondary education.
If there were 1.6 million unemployed in 2010, and if there were 15% more unemployed in 2009 - how many more people have got jobs? ...
That's right - 280,000. [Approximate because of slight demographic change over the year - population size change, people reaching employment age, people retiring, people taking part-time cf. full-time jobs. Sr. Lupi's bald statement neglects all these things in his 2.5 million figure.]
These are not anti-PT comments except inasmuch as the spin comes from the ruling coalition - where, in any case, more people voted for PMDB and PSDB candidates than PT candidates.
However, I could get REALLY PT if you want to talk about institutionalised corruption.
The reason that I believe your comments are nothing but anti-PT spiel is that you consistently misrepresent the facts in making your attacks. The 2.5 million figure itself refers to NET job creation, that is, it already takes into account any layoffs ocurred in the period analysed. I don't know if you can read Portuguese. If you do, look at the link below; it gives the figures for net job creations (“empregos líquidos”) in 2010. It says that the Southeast created 1.277 million net jobs; the South, 444.7 thousand; the Northeast, 488.6 thousand; the Center-West, 178.2 thousand; and the North, 136 thousand.
tinyurl.com/5vkrdgx
That is to say, in the whole country there were indeed 2.52 million NET jobs created in 2010.
Every year the workforce in Brazil grows by more than 1 million people. That is why, even though in 2009 900.000 net jobs were created, the unemployment level went slightly up vis-à-vis 2008 (8.1% vs 7.9%). So yes, to reduce unemployment Brazil needs to create at least 1 million net jobs, not 300,00 thousand.
As for this:
“We also know that there are substantial numbers of these new 'formal' jobs are high-grade technical jobs that remain unfilled because the skills-base in the country is insufficent to find people to actually fill them.”
Oh well, if those jobs remain unfilled, then they were not taken into account in the job creation figures.
I actually meant that, in order to preclude unemployment from increasing, the country has to create more than 1 million net jobs, not 300,000.
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