Productivity has grown 3,9% until August with employment increasing
<i>Valor Econômico</i> News - 10/16/2007
The growth of the less labor-intensive sectors, such as machinery and automotive, the productivity growth, and the investments expansion have resulted in a more intensive growth rhythm in the industrial productivity than in the employment generation. From January to August 2007, the industry has grown 5.3% compared to the same period of the previous year. The number of employees has grown 1.6% and the growth of paid busy-hours has also been timid, accumulating increase of 1.6% in 2007. The industry productivity, measured by the amount of items produced by the number of paid busy-hours, has increased 3.95% in 2007. This figure is higher than the result obtained in 2006 as a whole. In 2006 it increased 2.5% as a result of higher production but stable employment. Although the employment figures were not so positive, the industrial employees' income grew significantly. The REAL pay-roll, a parameter INDICATOR that shows the wages' variation, has already grown 4.8% from January to August 2007. For the 12 months ended August 2007, the growth was of 3.9%. The per capita pay-roll has accumulated growth of 3.2% in 2007 and of 2.7% in the 12 months ended August 2007.