Formal employment declines in Venezuela
Generation of jobs concentrates in the tertiary sector, the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labor Organization (ILO) reported
In the joint ECLAC-ILO report entitled "The Employment Situation in Latin America and the Caribbean," Venezuela ranks among the nations reporting a clear deceleration in the generation of jobs in general and, more specifically, in the formal sector.
Nevertheless, the report shows a slight trend towards more favorable results as it outlines that although the inter-annual variation of Venezuela's employment rate has been negative in the first two quarters of 2012, said rate was lower in the second quarter (0.1 percentage points) than in the first quarter (0.6 percentage points).
In general terms, the generation of employment concentrates in the tertiary sector.
In the case of Venezuela, the generation of jobs was directly related to communal, social, and personal services.
Translated by Jhean Cabrera
A shipment of over 30,000 tons of phosphate arrived at Puerto Cabello port in late July on board the Shi Long Ling, a Chinese-flagged vessel that began its long journey in northern Africa. The cargo boat docked on July 26 after traveling more than 3,200 nautical miles. Undoubtedly, this would just be considered one in many cargo ships crisscrossing the oceans if it were not for the fact that Venezuela has denounced Western Sahara occupation by Morocco and yet purchases the territory's natural resource products from the occupying power.