The Labor Market Continues to Deteriorate

BRAZIL ECONOMICS - Report 02 May 2016 by Affonso Pastore, Cristina Pinotti, Caio Carbone and Marcelo Gazzano

The clearest reflection of the severe recession, which is far from over, is the worsening of the labor market. The consequences are a reduction in the level of employment and real wages, accentuating the contraction of household consumption and reducing tax receipts, making the fiscal adjustment even harder.

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