Unemployment in Brazil during third quarter climbs to 9%

Saturday, January 16th 2016 - 10:54 UTC

Full article 6 comments

Unemployment in Brazil rose to 9% in the August-October rolling quarter, up from 8.6% during the previous three months, the Brazilian Institute for Geography and Statistics, or IBGE, reported Friday. The jobless rate was 6.6% in August-October 2014. Read full article

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ChrisR
The pain hasn't really started yet.

Wait until the fighting begins in the streets of every major Town.
Jan 16th, 2016 - 12:41 pm - Link - Report abuse 0
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yankeeboy
Gov't prognasticators always seem to look at lagging indicators instead of forward indicators and they try to do a projection.
They said 2016 will be better than 2015.
Do you think they figured in U$10 oil?
The massive layoffs from PBR and its affiliates and suppliers
The massive layoffs from the auto companies
The growing inflation
The growing spending for the unemployed

all of them nope

This is just the begining, the model is bad, throwing more money at something that doesn't work isn't going to help.
China turned out to be an anchor around their neck.
Jan 16th, 2016 - 02:08 pm - Link - Report abuse 0
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Don Alberto
This should make Brasilero really happy - Brasil full speed ahead ... or sum'tin'
Jan 16th, 2016 - 02:37 pm - Link - Report abuse 0
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ElaineB
What happened to Brasilero?
Jan 16th, 2016 - 06:43 pm - Link - Report abuse 0
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Jack Bauer
The stats on unemployment are misleading. They don't take into account those that have long given up looking for a job (and sometimes have gone into business on their own, informally), not to mention the 30 million adults (of working age) who have just accomodated themselves with the government handouts.

For what it's worth, last comment by the Brasshole was that he was fishing in MS. Would be nice if he fell overboard and became alligator food.
Jan 16th, 2016 - 08:28 pm - Link - Report abuse 0
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yankeeboy
Talk of Brazil rescuing PBR if they can't sell enough assets by year end.
psst...they won't be able to sell the assets anywhere near what they want

My oh my how this has gone so quickly...
who pointed it out first?
Hmm
Who was it?
:)
Jan 17th, 2016 - 02:32 pm - Link - Report abuse 0
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