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Latin America bracing for 3 million new unemployed
Published in Saudi Press Agency on 03 - 04 - 2009


The ongoing world economic crisis could cause
another 3 million people to lose their jobs in Latin America's urban
areas alone, dpa cited the Economic Commission for Latin America and the
Caribbean (ECLAC) as saying today.
It could also add another 10 to 15 million people to the poverty
rolls, which already include 190 million people across Latin America.
The problem is projected to persist until late 2010, an ECLAC
official, Jurgen Weller, told German Press Agency dpa.
Mexico, Colombia and Chile are expected to suffer the most. In
these countries, unemployment grew by 1-2 percentage points in the
first two months of 2009, compared to the same period of 2008.
Peru is also expected to see an increase in unemployment, although
it remains the most dynamic economy in Latin America, Weller noted.
On the other hand, Brazil, Uruguay and Venezuela have stable
employment frameworks and the latter two may even see a rise in
employment, he said.
In rural areas, a further 60 million are unemployed. Those numbers
are more difficult to identify, since rural statistics are scarce,
Weller said.


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