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Unemployment Rate in Brazil - Essay Example

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Summary

The paper "Unemployment Rate in Brazil" discusses the unemployment rate as the total number of unemployed persons expressed as a percentage of the total labor force. The unemployed workers are those people who are currently not working but are willing and able to work at the prevailing wage rates…

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Subject: Human Resources
Type: Essay
Level: Undergraduate
Pages: 1 (250 words)
Downloads: 0

Extract of sample "Unemployment Rate in Brazil"

Unemployment rates in Brazil have registered an irregular pattern over the years with the highest rate being witnessed in April 2004 which stood at 13.1% and the lowest rate was seen in December 2011 at 4.7%. The rate of unemployment decreased to 4.3 percent in December of 2014 from 4.8 percent in the previous month. This decrease is reported to have been below the market expectations. Yet, employment decreased 0.7 percent and a record of 300 thousand persons was detached from the labor force.

It is recorded that the rate of unemployment fell by 141 thousand to 1.05 million in December from the previous month. In the same period, the number of employed persons decreased by 159 thousand to 23.22 million. Yet, 322 thousand persons were underemployed in December, 36 thousand less than in the previous month (Marshall, 121). Brazilian government aims at reducing bank lending rates so as to encourage private investment which in turn creates more employment opportunities (Berg, et. al, 011)

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