FORMAL JOBS IN SÃO PAULO'S AGRICULTURAL SECTOR ARE EXPECTED TO GROW IN THE NEXT QUARTER, ESTIMATES IEA

FORMAL JOBS IN SÃO PAULO'S AGRICULTURAL SECTOR ARE EXPECTED TO GROW IN THE NEXT QUARTER, ESTIMATES IEA

Chamber Articles Category: Agribusiness Post Date: 06/12/18 Source: Datagro By: Datagro
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Since mid-2014 Brazil has plunged into a recession that has caused our economy to shrink 8.1% and lose approximately 3 million formal jobs in the various productive sectors. According to Carlos Eduardo Fredo, Celso Vegro and Celma Baptistella, researchers at the Institute of Agricultural Economics (IEA), a research body of the Department of Agriculture and Food Supply, the magnitude of this fall could have been even greater if it were not for the economic results obtained by agriculture. State of São Paulo, based on data from the General Register of Employees and Unemployed (Caged) of the Ministry of Labor and Employment (MTE).

The downward movement of the economy began to reverse in 2017, when GDP grew by 1.1%, and continues waving the possibility of maintaining the pace of expansion throughout 2018. The good winds, however, did not desired effect on the labor market with the resumption of formal contractions. On the one hand, the percentage of the unemployed in the economically active population remains around 13.1%, and on the other hand, the newly created vacancies are of lower quality and lower remuneration (informal and temporary labor market), compared to those which were closed. Read Full Article