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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.395+3.3%Feb 10 3:59 PM EST
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To: Steve Fancy who wrote (8638)9/30/1998 11:53:00 AM
From: Steve Fancy  Read Replies (3) of 22640
 
CORRECTED-Brazil Aug jobless rate falls

Reuters, Wednesday, September 30, 1998 at 11:46

In Brazil story "Brazil jobless rate falls to 7.8 pct in
August" please read headline as "Brazil jobless rate falls to
8.48 pct in August".
Please read first paragraph ...fell to 8.48 percent in
August from 8.74 percent in July... and in the third paragraph
...stood at 6.42 percent...
The IBGE corrected the rates to reflect data for the month
rather than the week. A corrected version follows.

RIO DE JANEIRO, Sept 30 (Reuters) - Brazilian unemployment
fell to 8.48 percent in August from 8.74 percent in July,
according to figures published Wednesday by the National
Statistics Institute (IBGE).
The IBGE research measures the economically active
population in Brazil's six major metropolitan regions.
August's jobless rate had increased when compared to the
same month in 1997, when the rate stood at 6.42 percent, the
IBGE said.
The number of people working continued to grow in the
sectors of civil construction and services while it followed a
downward trend in the manufacturing and trade industries, it
said.
The rate of unemployment by sector in the month of August
was 8.99 percent in manufacturing, 9.47 percent in civil
construction, 8.10 percent in trade and 6.21 percent in
services.

Copyright 1998, Reuters News Service
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