LatinNews Daily - 12 November 2018

* New research by the economics, administration & accounting college (FEA) at the Universidade de São Paulo (USP) has found that one year on from the implementation of the labour reform, introduced by Brazil’s outgoing government led by President Michel Temer, it has failed to lead to an increase in the creation of formal jobs. According to the FEA research, while unemployment has marginally fallen in the country since the implementation of the reform - from 12% in November 2017 to 11.9% currently - this has been the result of an increase in informal jobs rather than through the creation of formal jobs. Explaining the results, Professor Hélio Zilberstajn said that “the reform improved the dynamics of labour relations but on its own it is incapable of creating more jobs”.   

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