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.
Hundreds of thousands of demonstrators took to the streets of Brazil on March 13 to demand the ouster of embattled President Dilma Rousseff, carrying banners expressing anger at bribery scandals and economic woes. A banner read "We don't want a new Venezuela in Brazil."