Wednesday, June 21, 2006

The good news keeps coming 

Of late I've been inundated at work so the blog has necessarily suffered. Hopefully this is a temporary situation.

But be that as it may, just because I don't have time to write about all of them it doesn't mean good things aren't happening. For example, it the new unemployment numbers came out today and showed the unemployment rate in May was 10.2%. But within the report there was an even more important set of numbers. And that is that the number of formal sector jobs in May 2006 was 5,836,163 versus 5,401,526 in May 2005. In other words, 434,637 new jobs were created last year in Venezuela last year. So the notion that Venezuela is experiencing "jobless growth" is simply false.
So there you have it, short but sweet.


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