Originally published Monday, January 19, 2009 at 9:30 AM
PrintBrazil loses 654,000 jobs in December amid crisis
Brazil's Labor Ministry says the country lost 654,000 jobs in December as the international financial crisis slammed Latin America's largest economy.
Brazil's Labor Ministry says the country lost 654,000 jobs in December as the international financial crisis slammed Latin America's largest economy.
The loss for the month was the worst on record since May 1999. The hardest hit sectors were industry, agribusiness and construction.
Labor Minister Carlos Lupi said Monday that the job losses were a direct impact of the global crisis.
The data measures the number of formal jobs in Brazil's economy. Brazil added 1.6 million workers for all of 2008 despite the December job losses.
Copyright © 2009 The Seattle Times Company
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