Sustaining employment and wage gains in Brazil

In the past 15 years, employment, labor market participation, and labor earnings have grown significantly in Brazil. Brazilian labor markets expanded greatly since 2002. Unemployment has declined (from 12.9 percent in 2002 to 4.9 percent in 2014), while employment and labor force participation have grown. Labor income grew by an average of 2.5 percent in real terms per year from 2002 to 2014 (IBGE 2014). In contrast with earlier periods, formal employment expanded greatly, exceeding informal employment since 2007.
[Washington, DC: 2015]

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