Brazil job news may hint at economic strength

Employment in Brazil has gone up, according to the latest official statistics.

Official statistics from the country's labour ministry revealed that February saw an extra 9,179 jobs created, reversing a trend that had seen unemployment increasing in each of the previous three months.

Although this was the weakest performance in the sector for the month of February in a decade, the ministry said it was a positive sign in the midst of the global economic crisis.

Labour minister Carlos Lupi commented: "This favorable, albeit modest development shows an important recovery in Brazil's formal labour market after three consecutive months of significant negative results," reports Reuters.

Such figures may indicate that Brazil's economy is proving to be more resilient than many in the face of the world economic situation, something that could encourage those thinking of investing in property there.

Property inspection firm uv10 recently suggested that Natal and Pipa in the north-east of the country are the best places to invest in Brazilian real estate, due to the new airport and infrastructure developments taking place there.