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Brazilian job market booms in 2007
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15:15, August 23, 2007

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Brazil has witnessed a job market boom this year, as more than 1.2 million new jobs were created in the January-July period of 2007.

The government's General Register of the Employed and Unemployed (CAGED) said in a report on Wednesday that 1,222,595 jobs were created this year, almost as many as the number of the entire year of 2006.

It was the biggest number registered in the January-July period since CAGED was launched in 1992.

Minister of Labor Carlos Lupi said he expected the figure to amount to 1.6 million up to the end of 2007, adding that CAGED's performance was a result of an economically positive scenario.

Lupi said he did not believe the current global financial crisis would affect such performance, as the domestic demand is "heated," making up for the fall in sales abroad.

In July, 126,992 jobs were created, with an outstanding performance in the service sector, which offered 38,154 extra positions, said CAGED.

Source: Xinhua

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