When the clock struck seven on Tuesday morning, more than 15,000 people jostled for a spot in line to hand in their applications for a job vacancy in the center of São Paulo. Some had traveled for days and queued for over 24 hours looking for an employment opportunity. “I’m desperate,” said Bruno Gomes, a 42-year-old cook who said he would take any spot available. Such scenes have become common in Brazil, as unemployment rates refuse to go down.
According to the Brazilian Institute of Geography and Statistics (IBGE), the unemployment rate has risen for the second straight month, rising to 12.4 percent in the three months through February. Neither the markets nor companies expect things to get much better any time soon; forecasts for the Brazilian economy are repeatedly reduced and confidence indexes continue to go down.
Brazil lost 1 million active workers since November—and the active population...
The city of Rio de Janeiro estimates that a Madonna concert this Saturday on Copacabana…
Latin America’s trend of banning opposition candidates from elections has caught on in an ever-growing…
The São Paulo City Council on Thursday approved legislation authorizing Brazil’s largest city to sign…
The preliminary report on AI regulations presented to Brazil’s Senate last week provides a middle-of-the-road…
In 2000, Formula 1 great Michael Schumacher had just racked up his 41st race win,…
Overall, the worldwide economic outlook has improved according to the Organization for Economic Co-operation and…