ESPACIO PUBLICITARIO
CARACAS, Friday January 18, 2013 | Update
 
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JOBLESS | At 5.9%

Unemployment hits 806,496 Venezuelans in December

Somewhat over half of labor force last month worked in the formal sector of economy

Unemployment rate in Venezuela lowered a little bit (File photo)
YANETH FERNÁNDEZ |  EL UNIVERSAL
Friday January 18, 2013  01:45 PM
Unemployment rate in Venezuela stood at 5.9% in December, a 0.7% slump below the same term in 2011, based on a report on labor prepared by the National Statistics Institute (INE).

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.
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What goes out of the La Yaguara industrial park

María Fernanda Astudillo is a store analyst for Alimentos Polar working at the company's facilities in La Yaguara. At only 23 years of age, she has made a career in that company where she has worked for the last six years. Now, besides her responsibilities, which include overseeing shipping/receiving and warehousing of goods, she is taking part in the roundtable discussions among the other companies operating in the La Yaguara industrial park, the Government and the workers exploring possible ways of coping with the order to expropriate the land.

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