50943
Brazil Joblessness Rises to 11.8%
Brazil Joblessness Rises to 11.8%

Brazil Joblessness Rises to 11.8%

Brazil Joblessness Rises to 11.8%

Brazil’s unemployment rate reached 11.8% in the June-July-August quarter of 2016, up from 11.2% from the previous three months and 8.7% in the same period last year, governmental statistics agency IBGE said, Xinhua reported. According to IBGE, the figures are the highest since March 2012 when IBGE started calculating quarterly unemployment rates instead of a monthly rate. The IBGE report said the number of unemployed people—over 14 actively seeking work—in Brazil reached 12 million in the quarter ending in August, up 5.1% from the previous three-month period. The figures also represent a staggering 36.6% rise from the number of unemployed people registered in the same period last year. The number of employed people totaled 90.8 million, stable from the previous quarter and down 1.5% from the same period last year. The average earnings of Brazilian workers in all sectors were 2,011 reals ($616.9), remaining stable both from the quarter ending in May 2016 and the quarter ending in August 2015.

 

Short URL : https://goo.gl/QlMoz0
  1. https://goo.gl/5qDYj3
  • https://goo.gl/V8c5wY
  • https://goo.gl/3ERVEf
  • https://goo.gl/dRg4E6
  • https://goo.gl/KlCSGc

You can also read ...

Cybercrime cost has jumped by $155 billion since 2014.
Global businesses are losing the equivalent of nearly 1% of...
Pakistan to Be Placed Back on FATF List
Pakistan will be placed back onto an international terrorism-...
US Presses India to Cut Tariffs
US businesses and diplomats are pressing India to cut tariffs...
UAE Inflation  to Rise to 3.3%
Inflation is expected to rise to 3.3% in the UAE as the 5%...
Turkey will have the widest current account deficit this year at 4.5% of GDP, followed by Argentina and Colombia.
As the US and European countries embark on a monetary...
The ECB expressed more confidence that inflation would converge over time to its 2% target.
Released within 24 hours of each other this week, the minutes...
Europe’s main London, Frankfurt and Paris markets barely budged in early moves.
A stronger dollar and slightly higher global borrowing costs...
Fitch in November affirmed the country’s BB+ stable outlook rating.
Fitch, the ratings agency that cut South Africa’s sovereign...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus