State Brazilian Institute

Surely, at this stage in the circumstances no novelty won’t them if I say that the international financial crisis arising in economic recession in the major economies of the planet will affect in greater or lesser degree to all countries. Ministries of economy of all countries on the planet, surely the estimates of economic variables will have had to correct downwards and thus forecasts indicate a lower expected growth, slower growth in consumption and investment, fiscal results toward the low and a higher level of unemployment. On the issue that most affects families, unemployment, us have tired of reading in recent months, thousands of news about layoffs in the sectors most affected by the international financial crisis. So were happening the dismissals in entities of the financial sector, the construction sector and lately, in the automotive sector, among others. And this phenomenon was more or less in almost all countries. I say in almost all because in the case of Brazil it appears that the crisis has yet to the labor market.

It is that the rate of unemployment of the Brazilian economy registered a slight fall that ranked it at 7.5% during the month of October, (a fall of 0.1 percentage points from the 7.6% observed in the month of September). In this regard, the State Brazilian Institute of geography and statistics (IBGE) said in the report where disseminated the data: the October unemployment rate is the second lowest of the historical series of the survey, which began in March 2002. Cimar Pereira, IBGE Economist added thereon: at a time of international crisis, do not perceive its effects since engagements are no () and no layoffs. If this last month of October unemployment data is compared with observed in October 2007, with the international financial crisis already well installed, you may better appreciate this result. The comparison to the same period of last year showed a fall of 1.2 points percentage, since October 2007, the rate of unemployment in the economy Brazilian was 8.7 per cent. .