Brazil jobless rate hits record low despite poor growth
Updated: 2013-02-01 14:16
(Xinhua)
|
||||||||
RIO DE JANEIRO - Despite a poor economic growth, Brazil saw a record-low unemployment rate of 5.5 percent in 2012, down from 6.1 percent in 2011, the Brazilian Institute of Geography and Statistics (IBGE) said Thursday.
Some 1.3 million Brazilians were jobless at the end of 2012, down 48.7 percent during the past 10 years, according to IBGE.
However, Brazil registered low economic growth rates in 2012, up only 0.7 percent from January to September, and the growth rate for the year is expected not to surpass 1 percent.
"The job market did not react immediately to the economic slowdown," IBGE researcher Adriana Beringuy said. "We are not seeing any deterioration in the job market."
According to Beringuy, job creation has increased at a slower pace than that of previous years. Labor Ministry reported last week that 1.3 million jobs were created in 2012, the lowest in past three years.
Though the unemployment rate has continuously fallen, it is too early to talk about full employment in Brazil, IBGE's employment survey manager Cimar Azeredo said, adding that some provincial capitals still witness high unemployment and the average incomes of workers vary between regions.
Brazil will host the 2014 World Cup and Rio Summer Olympics in 2016.
- Brazil unveils official poster
- Police uncover more violations in Brazil club fire
- Brazil's fire-ravaged disco violated regulations
- Argentina offers skin grafts for Brazil victims
- Brazil venue delays no longer tolerated, warns FIFA
- Brazil detains band, club owners after club fire
- Nightclub fire kills more than 200 in Brazil
- Brazil's embassy in Mali to stay open
- Li Na on Time cover, makes influential 100 list
- FBI releases photos of 2 Boston bombings suspects
- World's wackiest hairstyles
- Sandstorms strike Northwest China
- Never-seen photos of Madonna on display
- H7N9 outbreak linked to waterfowl migration
- Dozens feared dead in Texas plant blast
- Venezuelan court rules out manual votes counting
Most Viewed
Editor's Picks
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
TCM - Keeping healthy in Chinese way |
Poultry industry under pressure |
Today's Top News
Live report: 7.0-magnitude quake hits Sichuan, heavy casualties feared
Boston suspect cornered on boat
Cross-talk artist helps to spread the word
'Green' awareness levels drop in Beijing
Palace Museum spruces up
First couple on Time's list of most influential
H7N9 flu transmission studied
Trading channels 'need to broaden'
US Weekly
Beyond Yao
|
Money power |