Brazil is the country that will grow the most after the crisis, generating proportional employment. Today the country has the lowest unemployment rate since records started being kept. Unemployment stands now at 6,8% and employment rate will increase by 6,5% in 2010 with a further growth of 5,5% over the coming years. Brazilian industry optimism remains high.
Last April 962.000 jobs were created in Brazil, the total in 2010 should reach 2 million. These amounts are sufficient to serve the Brazilian youth who is arriving to the labour market.

In 1960 Brazil had the same population as Germany: 72.800.000. In 2004 Brazil had a population of 181.500.000 habitants, Germany 82.500.000.
Next year, in 2011, Brazil will have a population of 200.000.000, Germany 82.800.000.
In 2050, Brazil’s population will have grown to 260.000.000, Germany’s population will have decreased to 74.500.000.

The fear for unemployment stands on a record low in Brazil. If one takes 1997 as a 100 index, the index now stands at a record low of 84%. The number of people who answer that they “have no fear at all to be licensed” is 53%, same as in June. The number who has a “little fear” went down from 32% to 30% this month. And the number who says to have “a lot of fear to be licensed” went from 15% in May to 16% in June.

Tags: unemployment

We wrote early June on the Brazilian employment market which remained very resiliant to the crisis.
Today the June figures were release: the unemployment fell further down from 8,9% in May to 8,1% in June.  This is  the same as in May 2008, which was a record year for Brazil in terms of employment occupation.
If you put this figures in a historical perspective (see below chart) you see the strength of this performance.
The USA unemployment rate went up to 9,5% and the South African unemployment rate went up above 23%.

Tags: employment, unemployment

In 2004, when we entered Brazil, the unemployment rate was 11,5%.  In th US, the unemployment rate was 4,6%.
The lowest Brazilian unemployment rate was in December 2008, when it was 7,2%.  But Q4 is in Brazil typically a strong quarter and the Q4 2008 one was an exceptional one.  Since then, the Brazilian unemployment went 1,7% up to 8,9%.  The US lowest unemployment rate was 4,6% in 2007.  Since then it went up 4,8% to today’s 9,4%.

Graph from Globo:

Tags: unemployment