Economic Concerns Data Sets for Research Paper

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the country aims for the working population that had been estimated to be 125 million in 2006 to reach 147.8 million by 2020 (Economy watch, 2010).

Relationship between unemployment and Brazil's economy

Unemployment in Brazil directly affects the economy of the country in several ways this include economic costs; rates of unemployment being persistent in Brazil indicate that there will be market failure in the country. Unemployment is an indication that resources are being wasted thus leading to loss of potential output and eventually a reduction in allocative efficiency. Brazil's economy will then be seen to operate below the maximum output that the country has potential of.

Unemployment also affects the economy of Brazil through financial costs. The Government of Brazil and the entire nation suffers some costs due to unemployment. There are some benefits that the government has to pay the unemployed and therefore the higher the rates of unemployment the more the government spends. The nation will not only deal with income that is lost and low production but also the extra cost by the government.

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The spending power of the unemployed people in Brazil also goes down as they would prefer to save than spend which will have an adverse effect on the economy. Increased rates of unemployment in Brazil affect other economic factors such as a person's income, the cost of health .living standards and poverty.

Trends in the data

The rates of unemployment are seen to be fluctuating in the years. Urban unemployment was 10% in 2006 but dropped significantly to 9.5 in 2007.the unemployment population in Brazil of 1.3 million people in January 2013 was seen to rise by 1.2% when a comparison was made in the previous month that was 1.1 million. When an analysis is done on a year to year basis the number of people unemployed rose by 2.8% a six hundred and thirty one thousand increase (Trading Economies, 2012). This clearly shows that the rates of unemployment in Brazil are fluctuating sometimes up and other times down. The service sector has played a significant role in decreasing the rates of unemployment in Brazil......

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