CEPR - Center for Economic and Policy Research

Multimedia

En Español

Em Português

Other Languages

Home Publications Blogs CEPR Blog Brazil: Record-Low Unemployment But Jobs Picture Mixed

Brazil: Record-Low Unemployment But Jobs Picture Mixed

Print
Tuesday, 31 January 2012 14:30

Last week Brazil hit record-low unemployment of 4.7 percent (or 5.5 percent, seasonally-adjusted). But almost all of the jobs created in the last three months were in the business services, finance and real estate. This is remarkable: that sector comprises only 16.9 percent of all jobs.

ladb-1-27-2012-fig3

Meanwhile, industry and commerce – sectors that have traditionally been drivers of job growth – have actually lost jobs for two quarters in a row. This is the first time that industry has lost jobs outside of a recession since 2006.

For a more in-depth analysis, read our latest Latin America Data Byte.

Tags: Brazil | jobs | latin america

Comments (0)Add Comment

Write comment

(Only one link allowed per comment)

This content has been locked. You can no longer post any comments.

busy
 

CEPR.net
Support this blog, donate
Combined Federal Campaign #79613
budget economy education employment Haiti health care housing inequality jobs labor labor market minimum wage paid family leave poverty recession retirement Social Security taxes unemployment unions wages Wall Street women workers working class

+ All tags