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Brazil: 3000 March on Brasília Demanding Better Wages
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Brazil's Lula: 'Gone Are the Days of Dependence on the US'
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Brazil Breaks Several Economic Records
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American Launches Second Daily Nonstop to Brazil
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Unemployment Down in Brazil, Production Too
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Number of New Jobs Drop Sharply in Brazil
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Brazil Among World's Cheapest Places to Live In
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Brazil Confident Job Market Will Expand
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End of Temporary Jobs Ups Unemployment in Brazil
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Industrial Jobs Fall in Brazil
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Best April in 13 Years for Jobs in Brazil
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25% of Brazilian Workers (13.8 Million) Have No Formal Job
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If São Paulo, Brazil, Were a Country, It Would Be Number 30
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For ILO, Half of Brazilian Workers Are in the Informality
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Brazil's Informal Market Is Up, But Sector's Income Is Down
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Brazilian Students Get First Place in the US for Engineering Design
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Brazil Doesn't Want to Be 30th in World Tourism Anymore
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Brazil Survey Shows Bad Economy But Not-Too-Bad Personal Finances
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Industry Jobs in Brazil Grow Again
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More Jobs for Brazilians in Big Cities
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Brazilian Industry Grows But Timidly
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Industry Jobs Grow 6.5% in Brazil, But Unemployment Is Still 10.2%
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Agriculture Leads 6th Month of Job Growth in Brazil
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New Brazilian Minister Wants to Create 100,000 New Jobs a Month
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17.5% or 2 Million Out of Work in the Greater São Paulo, Brazil
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Fenavem, Latam's Biggest Furniture Trade Fair, Opens in Brazil
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São Paulo, Brazil, More than a State, a 40 Million People Country
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US$ 44 Million in Advertising and Repairs to Make São Paulo, Brazil, More Touristic
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Saudi Students Visit USP, Brazil's Leading University, and Vow Cooperation
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Brazil Puts US$ 598 Million in 'Agenda Of Commitments' to Create Jobs
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Former Labor Minister Pans Brazil for Creating Too Few Jobs
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Food and Beverage Sector Helps Keep Employment Stable in Brazil
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Lack of Capital for Rural Producers Cuts Jobs in Brazil
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In Brazil, Getting a Job Can Be Three Times Harder When You Are Poor
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Brazil's Unemployment Rate Remains at 9.4%
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Brazil's Lula Urges World Market to Be More Just with the Weaker
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US Good News Gives Brazil Markets a 6% Boost
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More Popular Than Ever, Brazil's Lula Grants God Brazilian Citizenship
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Brazilian University Gets Zero Energy Consumption Building
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At 13%, Brazil's Unemployment Rate Lowest in a Decade
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São Paulo, Brazil, Never Saw So Many Tourists: 11 Million
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Brazil's Unemployment Down for December and the Year 2008
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Brazil's Samba Clubs Learn How to Draw Tourist Crowds
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Brazilian Union Workers Take Up to 50% Pay Cut to Keep Their Jobs
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Skilled Professional Robbers Are Keeping Me Away from São Paulo, Brazil
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Jimmy Carter in Brazil Gets Medal and Asks More Transparency
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São Paulo, Brazil, in Pastel, Through Loving Italian Eyes
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Brazil Goes to France to Find Inspiration for Its First Ambiental Expo
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Brazil Supreme Rules that Civil Servant's Salaries May Be Shown in Internet
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São Paulo, Brazil, Jumps in One Year from 33rd to 8th in Fashion World
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Brazil's US$ 19 Billion Bullet Train to Be Built in Six Years
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Brazil: Digital Navigation in São Paulo and Rio Much Easier Now
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Brazil Will Get 1 Million New Jobs This Year and 5% Growth the Next, Says Lula
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Brazilians Take to the Streets Against Iran President's Visit
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Brazil Industry Blames Economic Downturn on High Interests |
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Written by Érica Sato
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Thursday, 23 June 2005 |
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Employment in the São Paulo industrial sector rose only 0.38% in May, after rising 0.47% in April, according to a survey by the state industrial confederation (Ciesp).
According to the Ciesp Economics Department director, Boris Tabacof, "The numbers confirm a downward tendency that has been apparent for a few months now and show that we are going through an economic slowdown."
Employment rose in the Food and Alcohol sectors (the latter got a boost from the sugar harvest). It fell in the Textile and Footwear sectors, which are strong exporters and subject to problems with the exchange rate. In the last six months the Brazilian real has risen sharply against the dollar.
The final employment balance between firings and hirings for the month of May presented a total of 7,428 new jobs. That is only half of the number of jobs created in May 2004 (14,569).
For the year, the cumulative rise in employment is 40,116, compared to 45,379 during the same period in 2004.
Boris Tabacof says there is a direct link between interest rates (which the government began to raise in September 2004) and the downturn in employment in São Paulo.
He declared that the interest rate is an additional factor in production costs, harming the state's industrial sector which accounts for 33% of Brazil's GDP.
ABr - www.radiobras.gov.br
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