Unemployment rate ends at 7.3% in October
In absolute terms, this accounts for 989,227 jobless
In absolute terms, this accounts for 989,227 jobless. Last year, people out of work amounted to 1,113,631.
Last month, as many as 12,519,285 people had a job, 7,450,427 of which were employed in the formal sector whereas 5,068,858 were in the informal sector.
In a press release, INE president Elías Eljuri extolled a trend towards the consolidation of the sectors, which create most jobs and afford more stability for workers, taking into account the formal-informal labor ratio.
Translated by Conchita Delgado
Ever since last March 9, when US President Barack Obama issued an Executive Order declaring Venezuela an "unusual and extraordinary threat" to the United States, the Venezuelan government has screamed denunciations of supposed plans of invasion or military incursion by the United States.