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Brazil´s jobless at record low
despite weakened economy

Reuters, by Silvio Cascione

Original Article

Posted By:PageTurner, 1/31/2013 10:11:32 AM

SAO PAULO - Brazil´s unemployment rate dropped to a record low in December as expected, underpinning a timid economic recovery and renewing concerns about inflation. The jobless rate fell to a non-seasonally-adjusted 4.6 percent from 4.9 percent in November, government statistics agency IBGE said on Thursday. December´s unemployment rate was above the median forecast of 4.4 percent in a Reuters survey of 27 economists. Nevertheless, it was the lowest reading for the indicator since the current data series was introduced in 2002. In December 2011, Brazil´s jobless rate was 4.7 percent.

Comments:
Why can´t we have a socialist president who cuts taxes and brings the unemployment rate down to 4.7%?

  

Post Reply  

Reply 1 - Posted by: JHHolliday, 1/31/2013 12:01:54 PM     (No. 9150600)

This number doesnt make sense. Are they counting everyone on public assistance as ´employed´?


Reply 2 - Posted by: preciosodrogas, 1/31/2013 12:33:04 PM     (No. 9150665)

You beat me to it #1. This doesn´t match with on-the-ground intel. I just got back from there in August, after seven years, and this can´t be right.


   

 

  


 
Reply 3 - Posted by: curious1, 1/31/2013 12:55:44 PM     (No. 9150710)

Maybe they took a page from the O´tard´s playbook and quit counting everyone who isn´t applying for a job?



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