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Montevideo, September 23rd 2018 - 18:19 UTC

Brazil lost 751,800 formal jobs in ten months of 2016

Tuesday, November 29th 2016 - 08:49 UTC
Full article 3 comments
From November 2015 to October 2016, Brazil registered a net loss of 1.5 million jobs. In October alone, Brazil lost 74,700 jobs. From November 2015 to October 2016, Brazil registered a net loss of 1.5 million jobs. In October alone, Brazil lost 74,700 jobs.

Brazil lost 751,800 formal jobs from January to October 2016, the country's Labour Ministry reported. According to the ministry's unemployment registry, the figures are only slightly better than the same period last year, when the Brazilian economy registered a net loss of 818,900 jobs.

 From November 2015 to October 2016, the country registered a net loss of 1.5 million jobs. In October alone, Brazil lost 74,700 jobs. Though negative, the figures represent an improvement from the same month in 2015, when the number of job loss surpassed 169,000.

The Brazilian economy has seen more dismissals than employment for 19 consecutive months, a reflection of the deep crisis the country is facing and the difficulties the government has in boosting economic growth.

In addition to the economic problems, Brazil has been facing serious political unrest lately: in August, the Congress removed President Dilma Rousseff over fiscal issues, and her successor, Michel Temer, has been facing charges of corruption in his cabinet since the beginning of his term.

The government forecast a GDP fall of 3.5% in 2016 and expects a slight economic recovery of 1% in 2017.

Categories: Economy, Brazil.

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  • Jack Bauer

    “From November 2015 to October 2016, the country registered a net loss of 1.5 million jobs.”

    Dilma was kicked out in August 2016...after 6 years of gross mismanagement and corruption...Temer took over in August 2016....unemployment figures already starting to recede...still any doubt as to who is to blame for the mess in Brazil ?
    Didn't think so.

    Nov 29th, 2016 - 08:16 pm 0
  • :o))

    Hi, Jack!

    Blaming is very easy. What to do, to overcome the problem is the toughest part!

    With the corrupt/crooks continuing to be active in politics; the situation is most likely to worsen before - if at all - gets better.

    They are about to succeed in legalizing corruption. So what else are your expectations?

    Dec 02nd, 2016 - 02:11 pm 0
  • Jack Bauer

    @:o))
    You're right, “blaming” IS easy, especially when you know who the responsible party is...

    Despite the fact that Congress is doing its damndest to pass laws to protect the corrupt from past crimes, I still have hope that “someone” (Temer ? Carmen Lúcia ?) decides to take a stand against all this filth ....It is clear what 'should' be done, now that the PEC 2421 (55) has been approved......such as the reform of the social security system, the political and the tax systems....Brazil needs to increase productivity and clean out the corruption...
    Without it, Brazil will slip back into its old habits ....

    Dec 05th, 2016 - 03:57 pm 0
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