3 million job losses... in a country of 30 million. In 2 years.
COUNTRY IN RUINS! 3 million jobs have been lost since 2015 due to the economic crisis
Dolar Today / Jan 7, 2018 @ 7:00 am
translated from Spanish
The labor panorama looks gloomy in 2018, due to the continuous fall of the productive activity in the formal sector of the economy. The figures are not encouraging, warns José Antonio García, coordinator of the National Union of Workers, and Maryolga Girán, labor consultant for Conindustria.
They agree that since 2015 3 million jobs have been lost due to the closure of thousands of companies since the bulk of the industries are operating at less than 30% of their capacity.
García said that the commerce sector experienced the greatest loss of jobs: 750,000 jobs between 2016 and 2017. Girán noted that
1,873 factories, medium and small, closed in the last 2 years due to lack of foreign currency to import raw materials, which meant that 93,650 places were lost.
The projections and statistics on the behavior of the labor market, compiled by the labor unions and employers' organizations, reveal that at the end of last year unemployment was placed at 18.9% -the highest in Latin America-, which is equivalent to to 2.6 million workers in an economically active population or workforce of more than 14 million people.
"This high rate of unemployment is the result of the destruction of jobs in the formal sector of the economy, as a result of the bad economic policies of the government of Nicolás Maduro that have caused the closure of companies or their operation at half machine" , expressed the leader of the Join. "Due to the lack of employment in the public and private sector, workers migrate to the informal economy or leave the country in search of a better job with higher income that allows them to send money to support their families," he added.
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https://dolartoday.com/pais-en-ruinas-3-millones-de-empleos-se-han-perdido-desde-2015-por-la-crisis-economica/
The government of Nick Maduro refuses to release the economic numbers that the government is by the Constitution supposed to supply every year. But, since the Constitution isn't something that the Chavistas concern themselves with, it isn't surprising to anyone. To Maduro,
all of this trouble doesn't exist. It is US propaganda. Venezuela is the land of plenty. There is no hunger, no privation. All is well! Besides, next week, he'll have another plan! Viva la Revolucion!
