Bazil's formal jobs expected to hit 40 mln

www.chinaview.cn 2009-08-07 10:39:40

RIO DE JANEIRO, Aug. 6 (Xinhua) -- The number of formal jobs in Brazil will have, despite the ongoing global economic crisis, reached 40 million by the end of this year, Labor Minister Carlos Lupi said Thursday.
At the end of 2008, Brazil had 39.4 million formal jobs, registering an increase of 1.83 million, or 4.88 percent, from that of a year earlier.
Despite the global economic crisis, 1.69 million formal jobs were created in the private sector, and another 135,900 in public administration.
"In 2009, we will hit the 40 million formal jobs mark." the minister told reporters.
The figure meant that about 20 percent of the 191 million Brazilians will have formal jobs by the end of this year.
According to the Labor Ministry, Brazilian workers were also paid better last year. The monthly average income of Brazilian workers climbed 3.52 percent from 1,443 reais (784 U.S. dollars) to 1,494 reais (812 U.S. dollars) last year.
Lupi said that was mostly due to the economic crisis which cut many low-paid positions usually filled by inexperienced workers with less education.
The number of job vacancies that required a college degree was up 7.3 percent in 2008, while job opportunities for those with only basic education fell 3.2 percent, he said.
"During an economic crisis, those with better education are always given preference," he said.