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Per capita income goes up in Brazil

Brazil,Business/Economy, Tue, 06 Aug 2013 IANS

Rio de Janeiro, Aug 6 (IANS) The per capita income of Brazilian families rose by 32 percent during the period between 2001 and 2011, the government said.

Per capita income rose from $256 in 2001 to $340 in 2011, reported Xinhua citing a study released Monday by the Strategic Affairs Secretariat.

The rapid increase in Brazilians' income was attributed to the rise in jobs and to the public wealth transfers, such as minimum welfare programmes. Total number of jobs in the country grew by 20 percent in the period.

The study showed that 16 million jobs were created from 2001 to 2011, most of which were formal jobs with labour rights assured, and the average salaries increased by 24 percent.

However, the government added that the job market still has a high turnover rate, with 40 percent of workers changing jobs every year, and the turnover is higher among workers with low qualification.


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