Slower job creation and lower inflation indicate Brazilian economy cooling

Friday, August 20th 2010 - 02:46 UTC

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Brazil reported the third straight month of slower job creation in July, reflecting the slowdown of the economy in the second quarter after a massive 9% year-on-year growth in the first quarter of the year. Traders say this increases the likelihood central bank policy makers may leave interest rates unchanged in their next meeting. Read full article

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Forgetit87
This number indicates no slowdown. Job creation tends to be weaker at mid-year. Still, July 2010 saw the second greatest increase in job offer for this month when those number began being computed in 2002. Only July 2008 - when 200,000 new jobs were created - had a better performance.
Aug 20th, 2010 - 04:33 am - Link - Report abuse 0
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harrier61
Austerity measures and budget cuts ahead!
Aug 21st, 2010 - 02:04 pm - Link - Report abuse 0
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Forgetit87
it appears that misery wants some company.
Aug 21st, 2010 - 10:51 pm - Link - Report abuse 0
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