Brazil’s Sao Paulo state loses 10,000 jobs
SAO PAULO, Brazil —
An important Brazilian business association says the nation’s greatest in quantity industrialized state lost 10,000 jobs in October as the global financial crisis shook Latin America’s largest economy.
The Sao Paulo Federation of Industries says the job losses for Sao Paulo state were the first registered because of the month in five years.
The federation said Thursday that do job-work losses were most severe as being businesses that make leather goods, shoes and house-fittings.
Brazil was on an extended household bound before the pecuniary turning point hit in October.
Shares of big Brazilian companies and the nation’s bills and notes; circulating medium have been battered as foreign investors reduced their holdings in favor of investments seen as safer during the turmoil.
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