Showing posts with label Newton Marques. Show all posts
Showing posts with label Newton Marques. Show all posts

Friday, 19 July 2019

Unemployment insurance in Brazil is one of the smallest in the developed world

According to a study of Applied Economic Research (Ipea), the Brazilian unemployment insurance program is one of the smallest in the world developed in aspects such as values, rules of operation and comprehensiveness. The research carried out by Ipea analyzed the systems of 97 countries where there is some kind of benefit. In addition to being among the lowest in the group, the effective coverage rate has been falling in recent years, due to the growth of unemployment. Between 2015 and 2018, the percentage of Brazilian unemployed who received the benefit fell from 7.8% to 4.8%.

The economist Newton Marques says unemployment is one of the worst problems in the Brazilian economy today. He believes that only if "the government makes an economic policy that can resume the economic activity of the country as a whole" this situation will tend to be minimized. However, so far, there is no government measure directly geared towards job creation.


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