The Labor Market Continues to Weaken

BRAZIL ECONOMICS - Report 28 Mar 2016 by Affonso Pastore, Cristina Pinotti, Marcelo Gazzano and Caio Carbone

The latest CAGED data reveal another increase in net layoffs. A natural reaction of many of these workers is to become self-employed (or start doing odd jobs). All the same, the unemployment rate is growing: from about 6.5% at the start of 2014 it is now approaching double digits.

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