Press release
Brazil creates more jobs than the US this year
The information was confirmed by both the Labor Ministry and the Bureau of Labor Statistics.
Even though Brazil’s economy slowed down from 7.5 percent growth last year to 5.5 percent ending in March, the South American emerging market registered 252,067 jobs in the month of May, compared to the low rate of registered jobs in the US which was 54,000.
Although some government data isn’t exact, it is apparent that Brazil’s economy is hiring much more than equivalent sectors in the US. For example, the professional and business services firmed registered 71,246 jobs in Brazil in May, whereas the same sector in the US added only 44,000 during the same time period. Brazil also has an advantage with their farm payroll, something the US lacks.
Back in January, the Brazilian unemployment rate rose from 5.3 percent to 6 percent and since then, they have been outdoing past results with increases of jobs emerging every month. February results showed 280,799 registered jobs, which outdid the 209,425 jobs the previous month.
Our approach is a sensible one, appreciating the high demand for timber and the fact that the timber trade will continue. Therefore we have an opportunity to participate and make sure that any negative impact to the surrounding environment and community is minimised and that good management secures the future of the forests.
GFI believe that investments in overseas forestry will bring diversity, growth and stability to any investment portfolio – especially in the currently unstable economic climate, whilst creating the added tax and green benefits associated with most ethical investments.
Global Forestry Investments
UK - Brazil - Dubai
St Clements House
27-28 Clements Lane
London
EC4N 7AE
Safeera Sarjoo, Editorial Coordinator
Tel: 0207 754 0493
Email: safeera@globalforestryinvestments.com
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