- Title: Brazil's economy slow to add jobs
- Date: 19th July 2017
- Summary: (SOUNDBITE) (Portuguese) ECONOMIST, ALESSANDRA RIBEIRO, SAYING: "There is a better prospect for the future, but of course everything is very conditioned to the economic picture. So a responsible driving of economic policy, the process of reforms, we know that now with all the political events and all this crisis, risk in relation to reforms, mainly to the reform of providence increased but our scenario, if we look a little more for the future has contemplated these reforms, then that economic environment has to follow that line for us to have a positive effect for the labour market." VARIOUS OF BRAZILIAN FINANCE MINISTER HENRIQUE MEIRELLES TALKING (SOUNDBITE) (Portuguese) BRAZILIAN FINANCE MINISTER HENRIQUE MEIRELLES, SAYING: "If we're going to wait for the evolution of the economic data and it would not be surprise within our evaluation that the unemployment began to fall from the end of the third quarter." VARIOUS OF SAO PAULO VARIOUS OF PEOPLE IN WALKING IN THE STREET
- Embargoed: 2nd August 2017 16:01
- Keywords: Brazil jobs unemployment work economy
- Location: SAO PAULO AND RIO DE JANEIRO, BRAZIL
- City: SAO PAULO AND RIO DE JANEIRO, BRAZIL
- Country: Brazil
- Topics: Economic Events
- Reuters ID: LVA0036QDWH8J
- Aspect Ratio: 16:9
- Story Text: Brazil's economy emerged from its worst recession on record with its fastest growth rate in nearly four years, data showed last month, boosting President Michel Temer's case for staying in office as he battles a corruption scandal.
Nevertheless, jobs creation has also recovered but at a slower pace than expected. Brazil added a net 9,821 payroll jobs in June, government data showed this week, as the economy created jobs for a third straight month.
Economists expected the economy to have added 36,000 jobs last month, according to the median forecast in a Reuters poll. Brazil's economy is forecast to grow 0.3 percent in 2017 after contracting more than 3 percent in each of the past two years.
Brazil has about 51 million young people, aged between 15 and 29 years, according to Youth Policy.org but finding a job still remains tough. Many in the country, remain without basic rights such as education.
In 2005, the implementation and institutionalisation of the National Youth Policy (NPC) helped many youngsters to access higher education, according to Youth Policy.org but despite these achievements, combating unemployment and ensuring decent work for youngsters is one of the government's main challenges.
Labour Minister Ronaldo Nogueira on Monday (July 17) announced that Brazil's economy could generate around 2 million jobs over two years under new forms of contracts created by a labour reform last week. Nogueira said the increase would come from new contract regulations regarding part-time, intermittent and at-home employment.
President Michel Temer signed the landmark labour reform into law last week and economist, Alessandra Ribeiro, said these reforms will have a "positive effect for the labour market."
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