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Record Low Unemployment Rate in Brazil for 2010

Thursday, January 27th 2011 - 21:01 UTC
Full article 9 comments

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. Read full article

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  • briton

    sometimes being to quick to reach the winning line, does not always work ,

    Jan 27th, 2011 - 09:26 pm - Link - Report abuse 0
  • I

    what would bring a british here if not jealusy, rather then being happy for Brazilians they come here to pest people, then they stand back and cry wolf when you descrive to them the kind of parasitic life they live. I rest my case, I am happy for Brazilians they deserve it.

    Jan 27th, 2011 - 09:52 pm - Link - Report abuse 0
  • Jefferson Michaelis

    Another interesting point to mention, is the fact that Brazil now lends money to the International Monetary Fund. What a change! Brazil became a creditor nation, not a debtor nation as used to be. There are a lot to be done in Brazil yet, however I'm glad to see such positive changes.

    Jan 28th, 2011 - 08:37 pm - Link - Report abuse 0
  • xbarilox

    “Brazil became a creditor nation, not a debtor nation as used to be.” You mean, NOT ONLY a debtor nation as used to be. The USA lends money too, but it's the world's biggest debtor nation. The IMF is not a friend is a foe, don't ever trust the IMF.

    Jan 28th, 2011 - 11:34 pm - Link - Report abuse 0
  • GeoffWard

    Unemployment dropped by 280,000 in the last (election) year - this in a population of 191 million people; so a reduction of 0.001%

    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!

    Jan 29th, 2011 - 05:16 pm - Link - Report abuse 0
  • Forgetit87

    GeoffWard, 2.5 million formal jobs were created in 2010.

    http://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.

    Jan 29th, 2011 - 06:28 pm - Link - Report abuse 0
  • GeoffWard

    “Overall, the number of unemployed people in Brazil dropped to 1.6 million in 2010, down 15 percent compared with 2009.”

    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.

    Jan 30th, 2011 - 11:54 am - Link - Report abuse 0
  • Forgetit87

    GeoffWard,

    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.
    http://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.

    Jan 30th, 2011 - 04:41 pm - Link - Report abuse 0
  • Forgetit86

    “So yes, to reduce unemployment Brazil needs to create at least 1 million net jobs”

    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.

    Jan 30th, 2011 - 04:52 pm - Link - Report abuse 0

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