Employment remains high.
According to the Minister of Labor, Carlos Lupi, 1,16 million jobs were created in the first five months of 2011.
The Minister of Labor and Employment, Carlos Lupi, stated that 1,16 million formal jobs were created in Brazil in the first five months of 2011. In May, according to him, more than 200 jobs were created. The data was announced this morning by the minister at an event in Rio de Janeiro. Lupi will then travel to Brasília where, in the afternoon, the report from the General Registry of Employed and Unemployed Workers (CAGED) will be released.
Lupi emphasized that the numbers are approximate and that the detailed Caged data is still being finalized. Regarding the economic slowdown in 2011, the minister stated that it did not affect job creation. "In the area of employment, this (slowdown) did not occur. We have an average of over 200 new jobs per month. We still have many investments in Brazil, mainly international ones. We also have preparations for the World Cup and the Olympics, many projects from the PAC (Growth Acceleration Program), and the Minha Casa, Minha Vida program is expanding its investment capacity," he cited. "I am very optimistic."
The minister also said he expects the second half of the year to be better than the first in terms of formal job creation. According to him, the government expects to end 2011 with 3 million jobs created, compared to 2,8 million last year.