Alexandre Schwartsman: Income is in debt, but there is a recovery in employment

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O CNN Specialist in economics Alexandre Schwartsman said, this Thursday (30), that the drop in the unemployment rate to 9.8% in the quarter ended in May indicates a “glass half full” in the economic outlook, but that income is still a problem .

“In general, there is a job market that continues to recover, but the side of the glass half empty is the income side, which has had a worsening in wages”, evaluated Alexandre Schwartsman.

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Data released this Thursday by the Brazilian Institute of Geography and Statistics (IBGE) indicate that the unemployment rate in Brazil stood at 9.8% in the quarter ended in May, setting the lowest rate for the period since 2015.

The IBGE, however, also pointed out that there was a drop in real income, to R$ 2,613 in the quarter ended in May. Compared to the same period in 2021, there was a 7.2% decrease in income.

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For Schwartsman, “income is still in debt, but employment has been recovering quite vigorously”. “For the first time, we see the number of formal jobs surpass the pre-crisis level”, pointed out the CNN Specialist .

See more in the video above.

Source: CNN Brasil

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