A picture is worth 10,000 words #6: Employment

December 10, 2006

Changing gears a little bit, below I show a graph, which I believe comes from economist Ruth de Krivoy, showing the Unemployment Rate, the Employment rate and the inactive rate, those that have given up looking for a job in the formal sector. As you can see, employment is back above the levels of 98 when Chavez took over, this is in part due to oil income and an increased Government bureaucracy. But note also, how since the start of the “misiones” the size of the inactive population has increased also contributing to “employment”, as people get direct aid, without needing to have or get a job.

This entry was posted on December 10, 2006 at 7:41 pm and is filed under Pictures.

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