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Article: Unemployment remains high in Latin America.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- October 17, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Tyler Bridges, The Miami Herald Knight Ridder/Tribune Business News
Oct. 17--LIMA, Peru -- Unemployment in Latin America has remained stubbornly high in 2004 despite the region's best economic performance in seven years.
The unemployment rate for the region is expected to drop to 9.7 percent by the end of 2004, from 10.3 percent at the beginning of the year, for an average yearly rate of 10 percent, according to the Santiago-based United Nations Economic Commission on Latin American and the Caribbean.
But in Brazil, Chile, Ecuador, Mexico and Peru this year's unemployment rate is expected to show an increase over last year's rate.
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