Posted on 10/02/2009 3:43:10 PM PDT by xzins
SAO PAULO (AP) -- Brazil says unemployment has decreased for the third month in a row, showing that Latin America's biggest economy is recovering from the global crisis.
The government's statistics agency says the jobless rate decreased to 8.1 percent in June from 8.8 percent in the previous month, the third consecutive reduction since it reached 9 percent in March. There was no change compared to June last year.
The economy has been rebounding in part because of tax breaks in the automobile, construction and home appliance sectors, increased government spending and easier access to credit for small businesses.
snip
Commenting on the world economic crisis, President Luiz Inacio Lula da Silva said Thursday in an interview with Radio Globo that "in our opinion, the worst is over."
"The Brazilian economy has grown, people are consuming and sales are up," Silva said. "All the signs indicate that Brazil is going through an extraordinary phase ... and that starting in 2010 we will resume normal growth."
(Excerpt) Read more at finance.yahoo.com ...
Brazil's unemployment rate almost unchanged
http://finance.yahoo.com/news/Brazils-unemployment-rate-apf-3111523349.html?x=0&.v=1
Brazil's unemployment rate almost unchanged after 3 straight drops
On Thursday August 20, 2009, 11:18 am EDT Buzz up! 0 Print SAO PAULO (AP) -- Brazil says the unemployment rate for July was almost unchanged from the previous month after three consecutive drops.
The government's statistics agency says the rate decreased to 8 percent in July from 8.1 percent in June, remaining "statistically stable."
The rate had dropped for the third month in a row in June after reaching 9 percent in March. Unemployment in July 2008 was at 8.1 percent.
July's rate is the lowest for the month since 2002 and the lowest overall since it reached 6.8 percent in December 2008.
####Brazil's economy is recovering from the crisis in part because of tax breaks in the automobile, construction and home appliance sectors####
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Betting on Brazil
http://brazil.melhores.com.br/2009/09/this-months-good-news-september.html
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* GDP Growth Estimates of 5% in 2010.
* Trades Surplus Widens to 3 US$ billion in August
* Car production up 48% in August, annualized.
* Computer sales back to pre-US Crisis Level .
* Brazilian GDP Grows 1,2% second quarter of 2009, as we predicted. Due to spectacular growth in Consumer Products, that more than replaced reduced production in Machinery and Exports.
* Supemarket- sales up 16%, compared to a year ago. Robust growth in sales means robust investment plans for 2010.
* 2010 will the "the" year or Brazil.
Not according to Obama/Reid/Pelosi...
Thanks
The media is spinning Rio and Olympics on the worst day of unemployment news in the last 3 decades.
Rio, on the other hand, gained jobs, their economy grew at 1.2% and they’ve turned the corner.
How?
Tax Cuts.
Brazil’s economy
Brazil has lower unemployment than the USA?!? Send the illegal Brazilians in America home.
I was listening to an investment guru video last night. He said the countries to invest in are BRICAC or something because they are self reliant for natural resources.
Brazil
Russia
India
China
Australia
Canada
We have the resources by the fed govt has them all locked up on fed land. Thank Al Gore and the environmentalists owned by the Saudis.
But....but....I thought Lula was a Chavez-loving commie.
Amazing how the rest of the world is recovering from the collapse except for us.
Got to send a message come 2010, clean house America and lets have TAX CUTS!
Exactly...
Lower taxes, AND Brazil taps their own natural resources. We, on the other hand, in the name of being environmental and progressive, do not.
Don’t be fooled by the Olympic “Rio” spin on the day of US worst unemployment news in 3 decades.
Nearly 10% unemployment.
We LOST over a QUARTER MILLION jobs last month.
just checkin’ :>)
It manages somehow not to spell "unemployment" incorrectly, as does your title.
Brazil (Rio) Unemplymnt Down(8%)
You may want to look into this whole "copy and paste" thing.
It allows you to grab stuff without re-typing it with mistakes.
All the cool kids are doing it these days.
Wasn’t it Brazil and Soros who received the millions for oil exploration? Or did I dream this, if it did then the economy should be booming!
And the chicks are muy caliente!
Maybe I need to relocate?
Unemployment in the States will go beyond 10%. Count on it, especially if they raise taxes on people and business.
I left out vowels on purpose to condense. There are so many characters you can have in an FR title line.
It’s an old trick learned in military. People recognize words without certain vowels.
Keep forgetting that some folks don’t remember their military days.
Perhaps less editorializing might be in order.
And perhaps not.
Sure. Just make up any old title you like.
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