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INSIDELATINAMERICA |  Tuesday 07 September 2010

Venezuelan Govt. Created 3.2 Million Jobs within 11 Years

CARACAS - The Hugo Chavez administration created in the last 11 years about 3.25 million jobs, which help to absorb the increase in the economically active population and reduce unemployment.

President of the National Institute of Statistic Elias Eljuri gave the information and said that this increase made it possible for 2.6 million Venezuelans to work for the first time.

Before Chavez's first investiture in 1999, about 1.7 million people were unemployed in the country. This figure dropped to 100,000 within the last few years.

Before 1999 the unemployment rate was 15.3 percent and in last month it was between 7 and 8 percent.

According to Eljuri, the unemployment rate might fall below 7 percent.
 

 

 

 
 
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