LatinNews Daily - 13 January 2010

Brazil: Industrial employment rose 1.1% month-on-month in November over October but fell 4.1% year-on-year over November 2008, according to the National Statistics Institute. The month-on-month increase was the best since Janaury 2001. The number of hours worked also rose on a monthly basis (0.9%), however both hours worked real earnings were still down overall on a trend basis (annualised and moving 12-mths). Industrial production is improving on a monthly basis, but remains down overall annually, falling 9.3% in January-November 2009.