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Brazil cuts 40,800 jobs in November
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Brazil registered a reduction of 40,800 jobs in November, down 0.13 percent from October, according to a study released on Monday.

The continued sharp decrease of jobs showed the impact of the international financial crisis on the country, according to the study by the Labor Ministry's National Registry of Employed and Unemployed (Caged).

Labor Minister Carlos Lupi said he was confident that the fall would be reversed in December, adding "the average growth in December will be 10 percent compared to December 2007."

In November 2007, 124,500 new jobs were created in Brazil.

Despite the negative result last month, the total number of jobs created in the first 11 months of this year reached the record-high of 2.1 million, up 7.27 percent from that for the whole year of 2007.

In the period, the commerce sector registered an increase of 77,800 jobs, while the tertiary sector registered an increment of 39,200 jobs.

Meanwhile, the construction sector registered a reduction of 22,700 jobs, and the sector which suffered the maximum job cut was the transformation industry, which groups sectors such as food products, metallurgy, and shoes, witnessing a reduction of 80,700 jobs.

(Xinhua News Agency December 23, 2008)

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