7: Brazil
In the beginning of 2014, Brazil’s unemployment rate was at 4.3 percent, which was lower than economists had forecasted. Brazil’s unemployment rate is at 5.0 percent right now. However, the inflation rate has risen, which could have increased prices and drove up the unemployment rate.
Brazil needs to persist in addressing its high inflation rate of 5.68 percent that could lead to the discouragement of investments as well as a fall in money value. Regardless of Brazil’s slow growth rate in recent years, the country managed to provide regular jobs to its people.
In order to keep people spending, employers have given their employees wage increases while working conditions got better. Yet again, similar to Australia, fewer people now are looking for jobs while Brazil’s population growth becomes sluggish.
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