Brazil Property News: Unemployment reaches record low




30th September 2008 03:00


Those considering buying property in Brazil could be interested to hear the nation's level of unemployment has fallen to its lowest level since 2001, it has been reported.

Official statistics released by the IBGE institute revealed the rate of those out of work in the country dropped to 7.6 per cent in August, according to Mercopress.

The figure represents a fall of half of a per cent from the previous month and 1.9 per cent compared to the same period last year.

According to the news agency: "The drop in unemployment coincides with the recent improvement of the nation's economy, which grew by 6.1 per cent in the second quarter of 2008 and averaged six per cent in the last four quarters, the fastest 12 month pace since 1995."

The Brazilian Central Bank is now concerned with inflation, which has kept steady and is above target in spite of falling food prices, the report continues.

Meanwhile, it was reported by the Brazzil Magazine this week that the Bank of Brazil has invested $3.7 billion (£1.7 billion) in the funding of the 2008/2009 crop.


Follow uv10 on Twitter   



Related News



News Archive


How to invest in Brazilian property

When it comes to property investment, the early bird really does catch the worm.


uv10's web site is designed to help and will provide you with the following invaluable information:



To find out more about investing, and have the chance to be one of the first to invest in this exciting and dynamic market, fill out our online form and we'll be in touch to answer all your questions.



Brazil property with uv10
Property in Brazil
Land in Brazil
Brazil - property buying made easy
Brazil Property Investment
Why buy now in Brazil
Natal, Brazil
Pipa, Pipa Beach, Praia do Pipa, Brazil
questions and answers about property in brazil
uv10 Brazil Property in the news
Brazil Property News
Contact uv10
About Us
Register for the Brazil Property Guide
Name:
Email:
Phone:
Your message: