am i reading this right? 50% unemployment/underem... "unmannerliness"
posted on
Jun 24, 2009 07:27AM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
The rate of leisure closed in May in 7,7% (Gustavo Bandres/File)
To the growth that registered the rates of unmannerliness and unemployment 49,2%de the economically active population is conformed by people who lost their jobs or which they toil in precarious conditions.
According to the data that the National Institute of EstadÃstica handles (INE), a total of 6.343.196 the 12.892.478 people of which they integrate the economically active population was vacated or toiled from the informal sector of the economy to the closing of the past month.
The official organism emphasizes that in May the unemployed ones added 998,920 people, which located the level of leisure in 7,7%, the first rise registered in the last six years.
In the inter-annual comparison that presents/displays the NSI can be appreciated that May of 2008 enters and May of 2009 the number of unemployed people in 111.202 people was increased.
One of the factors that influenced to avoid a greater jump in the rate of unemployment was the insertion of more people without experience to the labor market. The monthly report of the NSI indicates that the percentage of that they look for a job for the first time but not obtains it was reduced in the last from 0.6 to 0.5% year, which indicates a greater access of this profile of people.
Increasing unmannerliness
On the other hand, the workers dedicated to the unmannerliness added 5.344.276 people, which is translated in 44,9% of the occupied population. It is as well as the amount of unreliable people grew in 226.135 people, according to reported the official organism. Indeed the progressive reduction of the market of precarious work, represented by the people who evolve in the informal economy, had been outstanding by the Government like one of its profits. In this case rises were not registered either from the time of oil unemployment in 2003.
The official data indicate that the labor market begins to adapt to a panorama of economic crisis.
The behavior of the labor mass referred by the official organism does not indicate that a growth over the average in the number of people exists who wish to be inserted in a labor scene with little generation of use.
The work market maintains an increase of 2.1% inter-annual derivative of the natural population growth, so that the data are translated within the framework in reacomodo of less favorable economic conditions to those than they existed a year ago.
In the days of crisis
Bond to remember that the fall of the oil prices forced to the Government a budgetary cut, based on a reestimación of the price average of the barrel of crude for this year. The adjustment took the calculation of the income of 60 dollars to a panorama with base in 40 dollars by barrel and, according to the last official report, the average of the year reaches the 45.73 dollars. The smaller contribution of income to the Venezuelan economy has directly hit the level of the demand, that was reduced to half year in the last, according to the data that the Central bank of Venezuela handles.
Already the small and medians companies (PYME), sector that historically usually is the first one affected in situations of economic crisis, have reported that in the first trimester its production fell in 40%.
stejero@eluniversal.com
Suhelis Tejero Puntes
THE UNIVERSAL ONE