According to a report developed by ILO, the expected unemployment rate for Brazil is way higher than the global rate, which was 5.7% in 2016 and is expected to go to 5.8% this year.
According to a report published by the International Labor Organization (ILO), the unemployment rate in Brazil for 2017 will be close to 12.4%, which means that there will be 13.6 million unemployed people.
To prevent this situation, the Brazilian government plans to accelerate active employment policies.
The outsourcing law will be enacted and the temporary labor law will be updated, contributing to make the Brazilian labor market more dynamic.
Brazil needs to create a more modern, dynamic and inclusive labor market to emerge from the crisis. If the country wants to avoid providing one third of the new unemployed in the world, it must increase the speed of these measures and adapt to the new economy.
Youngsters and vulnerable people are really looking forward for this to happen.