Brazil
Brazil loses 654000 jobs in December amid crisis.
As quoted from Chris Martenson.com
SAO PAULO, Brazil (AP) – Brazil’s Labor Ministry says the country lost 654000 jobs in December as the international financial crisis slammed Latin America’s largest economy. The loss for the month was the worst on record since May 1999. The hardest hit sectors were industry, agribusiness and construction.
Labor Minister Carlos Lupi said Monday that the job losses were a direct impact of the global crisis.
Total losses = 654000
