Unemployment hits 806,496 Venezuelans in December
Somewhat over half of labor force last month worked in the formal sector of economy
In absolute terms, this means 806,496 jobless last month. In December 2011, unemployment rate stood at 6.5%, that is, 885,149 people.
Last month featured 12,932,816 people with a job, including 7,503,251, or 58% in the formal sector of economy. The remainder -5,428,791- works on their own or as street vendors.
In the meantime, unemployment in December accounted for 35.5%, which is tantamount to 7,577,545 people. Such profile pools the individuals who opted to study, or engaged in housekeeping, or claimed to be unable to work.
Why did Gerardo come to Caracas? One day he took the decision, handed the car keys to his father, gave him his share of the cloth business they both owned in San Cristóbal and kissed his wife and two sons goodbye. "He told us he was going to continue fighting for Venezuela," the wife says. That was in mid-2013. He has been imprisoned since May 8, 2014.