Brazil: More employment, but lower wages

The average wage dropped to its lowest level in the Continuous National Household Sample Survey official records, begun in 2012 by the Brazilian Institute of Geography and Statistics (IBGE).

RIO DE JANEIRO, BRAZIL - The labor market absorbed over 3 million formal and informal workers in the quarter ended in October, thereby lowering the unemployment rate to 12.1% from 13.7% in the quarter through July.

The average wage for employed workers fell 4.6% in just one quarter, down R$117 (US$21) in comparison to the figure earned in the quarter ended in July. Compared to the quarter ended in October last year, the average wage shrank 11.1% (R$307 less), to a historical low of R$2,449 per month.

In other words, there are . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?