Unemployment of Young People Jeopardizes the Future of Social Welfare in Brazil

Unemployment among young people reached 40 percent in some states; with no contribution to Social Welfare, this group further undermines the Social Security Administration's (INSS) accounts.

By Richard Mann

RIO DE JANEIRO, BRAZIL - Young Brazilians are the most affected by the weakening of the labor market. In the first quarter of this year, 41.8 percent of the population aged 18-24 were underused, i.e., they were unemployed, gave up looking for work or were available to work longer hours a week.

In absolute numbers, there are 7.337 million underused young Brazilians, the highest number ever recorded since . . .

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