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.
That political protest in Venezuela has lost momentum seems pretty obvious: people are no longer building barricades to block off streets near Plaza Francia in Altamira (eastern Caracas), an anti-government stronghold; no new images have been shown of brave and dashing protesters with bandanna-covered faces clashing with the National Guard in San Cristóbal, in the western state of Táchira; and those who dreamed of a horde of "Gochos" (Tachirans) descending in an avalanche to stir up revolt in Caracas have been left with no option but to wake up to reality.