Unemployment ‘lowest in ten years’ in Brazil
Brazilian property investors could be interested to learn that figures suggest unemployment is at its lowest level for ten years in the country.
According to statistics released by the Employment and Unemployment Survey, the numbers of people without work in the six main regions of Sao Paulo, Belo Horizonte, Porto Alegre, Recife, Salvador, and the Federal District dropped to 13 per cent in November.
This is a fall of 0.4 per cent on the previous month and is the lowest rate since January 1998.
Results also showed that the city may be a good place to invest, as the level of occupation has grown by 0.4 per cent, with the creation of 72,000 new jobs.
The main sectors in which employment rose were civil construction and the service industry, while incomes increased by an average of 0.6 per cent.
Meanwhile, Paulo Wrobel, from the Brazilian embassy in London, has said that the country’s economy has not suffered as badly as that of the US or the UK and that it is still a good place to invest.
At market exchange rates, the South American country has the tenth largest economy in the world.
