Free

Unemployment Rate in Brazil - Research Paper Example

Comments (0) Cite this document
Summary
The paper "Unemployment Rate in Brazil" discusses that the country’s unemployment rate shoots to the uppermost level in January 2015, causing pressure on Brazil`s president, Dilma Rousseff, since her government was now increasing taxes but reducing its spending. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97% of users find it useful
Unemployment Rate in Brazil
Read TextPreview

Extract of sample "Unemployment Rate in Brazil"

Unemployment Rate in Brazil s Affiliation Introduction Rate of unemployment is a measure of the number of persons that are unemployed as a proportion of labor force: the overall number of unemployed people plus employed people. Unemployment rate has been increasing in Brazil.
It rose to 5.90 percent by February 2015 from a mere 5.30 percent in the previous month of the year 2015. The rate of unemployment in Brazil averaged to around 8.42% from 2001 to 2015. It reached its maximum rate of 13.10% in 2003 and a minimum rate of 4.30 percent in 2013. According to Tradingeconomics.com, the graph of unemployment in Brazil has been experiencing a steady trend in 2014. Nonetheless, this was not true in 2015 as depicted in Figure 1 below.
The country’s unemployment rate shoot to the uppermost level in January, causing pressure on Brazil`s president, Dilma Rousseff, since her government was now increasing taxes but reducing its spending. The unemployment rate in six major metropolitan regions in of Brazil rose to 5.3% by that time, compared with only 4.3% by December of 2014. That was greater than economists’ projection of 5%. It was also the highest rate since September 2013. Brazil’s resilient labor market is one of the handful economic bright spots after eons of lukewarm growth and high rates of inflation. The country`s current president was re-elected partly because she campaigned on low unemployment as her strong selling points. However, the upsurge in unemployment is expected to hurt her approval rating, implying that she will have less support from the legislators for government projects.
The government is increasing taxes while reining in spending so as to lessen its budget deficit. The government has also proposed policies to unemployment as well as retirement benefits in order to help cut costs. However, the changes must be ratified by Congress, and augmented rates of unemployment could encourage legislators to challenge such measures. The country’s labor market has largely disobeyed economists’ projections that a slow economy would cause job cuts. Inflexible hiring and firing regulations, together with demographic changes, assisted to mitigate the impact. Certain economists estimated that Brazil’s gross domestic product got unchanged last year, and they are even forecasting that the GDP will shrink by 0.5% in 2015. It’s not a secret that the rate of unemployment is swelling as a result of poor economy undertakings. The scenario is expected to worsen even more.
The drop in labor market was occasioned by the decline in employed population – currently flat in yearly terms — and by a 3.9% decline in unemployed persons (-11.6% annual).  This combination dragged the rate of participation down to 55.9 percent from the 56.1 percent in February this year, which is the lowest level ever since 2002.
References
Agenor, P. (2006). Adjustment Policies, Poverty and Unemployment. Oxford: John Wiley &
Sons.
Marshalle, M. I. (2006). Economics of unemployment. New York, NY: Nova Science Publ.
Organisation for Economic Co-operation and Development. (2010). Tackling inequalities in Brazil, China, India and South Africa: The role of labour market and social policies. Paris:
OECD.
Berg, J., Ernst, C., & Auer, P. (2006). Meeting the employment challenge: Argentina, Brazil, and
Mexico in the global economy. Boulder, Colo: Lynne Rienner Publishers.
Organisation, . E. C.-D. (2009). OECD Economic Surveys Brazil 2009. Paris: Organisation for
Economic Co-operation and Development. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“As an employee of the World Bank, you have been asked to research 1 Essay”, n.d.)
As an employee of the World Bank, you have been asked to research 1 Essay. Retrieved from https://studentshare.org/macro-microeconomics/1690103-as-an-employee-of-the-world-bank-you-have-been-asked-to-research-1-economic-concern-in-a-south-american-country-and-write-a-report-on-your-findings-select-a-south-american-country-to-research-select-1-of-the-following-economic-concerns-to-research-qu
(As an Employee of the World Bank, You Have Been Asked to Research 1 Essay)
As an Employee of the World Bank, You Have Been Asked to Research 1 Essay. https://studentshare.org/macro-microeconomics/1690103-as-an-employee-of-the-world-bank-you-have-been-asked-to-research-1-economic-concern-in-a-south-american-country-and-write-a-report-on-your-findings-select-a-south-american-country-to-research-select-1-of-the-following-economic-concerns-to-research-qu.
“As an Employee of the World Bank, You Have Been Asked to Research 1 Essay”, n.d. https://studentshare.org/macro-microeconomics/1690103-as-an-employee-of-the-world-bank-you-have-been-asked-to-research-1-economic-concern-in-a-south-american-country-and-write-a-report-on-your-findings-select-a-south-american-country-to-research-select-1-of-the-following-economic-concerns-to-research-qu.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Unemployment Rate in Brazil

BRAZIL

...and Cafuzos. (Brazil and Africa) Most of the country’s population live in and around the urban centres of the country and the urban population displays a higher literacy rate than that of the rural population. Overall the country has a high literacy rate. The people of the country are predominantly catholic, though over that last ten years Protestantism is on a rise. The official language of the country is Portuguese and is spoken by most of the inhabitants of the country; however Nheengatu an indigenous language is also used at some places and has been granted the status of co-official language. Apart from these two mentioned languages many other minority languages are operative within...
4 Pages(1000 words)Essay

Cause and Effect of the Unemployment Rate

...? Unemployment Rate and Inflation Introduction The perennial high rate of unemployment has been a nagging issue in U.S. economy for quite some time. The unemployment rate is also a measure of how country is faring economically and its overall growth possibilities. The Federal Reserve uses prevailing unemployment rate to set the direction to its monetary policy. In this paper, an attempt is made to understand the relation between prevailing unemployment rate and corresponding inflation rate with the help of the Phillips Curve. The paper will also try to identify other causes for such extraordinary situation not seen ever before. Understanding Phillips Curve Below is a typical Phillips Curve drawn for the period between 1961 to 1969... as...
3 Pages(750 words)Term Paper

Unemployment Rate in Different States

...?Unemployment Rate in Different s 12/13 ECON 3331 This paper is a study of the current unemployment rates in various states, with a sampling of the comparative statistics of the various regions of the country – industrial North, rural South, high-tech West, etc. What part does the economic downturn of the last three years play in this area, and what factor does industry have to do with joblessness? Or is it simply the normal economic adjustments occasionally required from a capitalitisic society? Also we will look at what part the nation’s defense plays in the budget and whether defense spending affects the United States. I. Introduction At first glance it is very easy to...
4 Pages(1000 words)Term Paper

Unemployment in Brazil after the Financial crisis of 2008

...and developed countries. It affected production, consumption and labor market considerably. Main concern being the labor market, the crisis resulted in an increase in unemployment, reduction in medium and destruction of social and working condition. The situation is not different in Brazil. In recent times Brazil was hit by an all time high rate of unemployment at 13.10% (Mulligan, 2012). This made the government plan on ways to curb the alarming increase in the unemployment rate. Brazil got a glimpse of the horrible effect of increasing unemployment and introduced measures to help curb...
3 Pages(750 words)Essay

Brazil

...Introduction Brazil, a Latin American nation has been a Portuguese colony before it gained its independence in 1822 after Pedro Álvares Cabal landedthere in 1500. The country was a republic from 1889 onwards and currently the bicameral framework of administration which we reckon as Congress pertains to the year 1824. Currently defined as the Federal Republic, the framework comprises of 26 states and 5564 municipalities. Taking into consideration market exchange rates, Brazil is the tenth largest market and as far as purchasing power is concerned, it is the ninth largest. (CIA, 2007) Brazil has a multiethnic social structure with Roman Catholicism as the dominant religion...
10 Pages(2500 words)Essay

Manitoba unemployment rate forecast

...Manitoba Unemployment Rate Forecast Manitoba is a province in Canada known for its continental climate and flat topography. The province’s diversified economy largely depends on agriculture carried out in the fertile southern and western regions. Moreover, the province has several other industries with a balanced presence of manufacturing, electric energy generation, transportation and mining. Manitoba is ranked as one of the most stable economies in Canada due to its structural advantages. They include the vast industrial base, balanced exports to regional and global markets, and an increasingly engaged labor force. By the year 2010, the province’s economy experienced a 2.4% growth per year. Manitoba’s...
4 Pages(1000 words)Essay

The Natural Rate of Unemployment

...be L - N, where L is the total labour force, N is the employed and U is the unemployed. Therefore the natural rate of unemployment in the economy would be U* / L. Figure 1: Equilibrium in the Demand and Supply of Labor Source: Chamberlin and Yueh, 2006, pp. 331-338 Now the wage setting relation establishes a negative relationship between the real wage that exists in the economy and the rate of unemployment existing in the economy. This relation can be represented by the downward sloping curve that is shown in the diagram below. As the rate of unemployment in the economy would increase the wages that the labourers would demand would be...
4 Pages(1000 words)Research Proposal

Unemployment Rate or GDP OR CPI

...a GDP of 5% more, it will imply that the economy has grown by 5 percent over the second year (Brezina, 4). Thus, since GDP is a full representation of economic growth and production, it has a relatively large impact on nearly every aspect in the economy. When a certain economy is considered healthy, there are a number of related characteristics; low rate of unemployment and an increase in the level of wages as many businesses demand more labor in order to cater for the ever growing economy (Brezina, 20). Any slight change in the level of GDP is significant to a given economy since it affects the entire stock market. Economists have always argued that any bad economy is always associated with lower...
2 Pages(500 words)Research Paper

Brazil

...Case Study on Brazil The Brazilian government has worked efficiently to ensure that it has policies that are attractive to both local and foreign investors, who are willing to invest in the country. This has been done by removing or reducing the bureaucracy that is involved in getting work permits, licenses and general registration of organizations and businesses. The government has been at the forefront in offering incentives to the investors in terms of loans or free tax zones to encourage investment (Diniz, 2014). Brazil is one of the leading green energy producers in the world. It relies heavily on these renewable sources of energy for home and commercial purposes. These include solar, wind, and...
2 Pages(500 words)Essay

Canada Unemployment Rate from 1950-2014

... Canada Unemployment Rate from 1950-2014 From the above diagram, it is evident that unemployment rate has grown across all age groups from 1950 to 2014. The age group with the highest level of unemployment rates is between 15-24 years followed by 25-44 years then 45-64 years and finally 65-69 years. From the above diagram, the level of unemployment over the years has been higher among female than male from 1950 to 1984. Between 1985 and 2014, the unemployment rate for men has been higher than for women. During the period between 1984 and 1995, the unemployment...
1 Pages(250 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Unemployment Rate in Brazil for FREE!

Contact Us