IBGE – the Brazilian Institute of Geography and Statistics – came with good news about domestic labor market. Working population is increasing, unemployment rate dropped and there is a resumption of growth in the real income average. Bottom line: labor market in Brazil is heated. More jobs Unemployment rate was 6.5% in March, close to the lowest level in theContinue reading “Latest data on labor market in Brazil. (Ask for a raise)”
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On the topic of Brazilian Wealth
ITAU UNIBANCO Equity Strategy: Riche Comme un Brésilien The expression “riche comme un Argentin” became popular in Paris, at the end of the 18th century, and continued to be used until the early 1930s. The phrase was generally used to describe any wealthy individual, suggesting he or she was as rich as an Argentine—this wasContinue reading “On the topic of Brazilian Wealth”
More jobs, better wages. No wonder there is inflation on the doorstep
Good news on the Labor Market Report from IBGE in March. The survey covers the six main metropolitan areas, and includes formal and informal jobs. Demand is higher of course as the economy in Brazil is expected to keep going up in the next months. Unemployment rate is the lowest level since 2002, at 7.1%. AContinue reading “More jobs, better wages. No wonder there is inflation on the doorstep”
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