Venezuela July Unemployment 7.2% Vs 8.8% Year Ago

[Judi Lynn]

Venezuela July Unemployment 7.2% Vs 8.8% Year Ago



CARACAS -(Dow Jones)- Venezuela's unemployment rate continued its downward trend in July, coming in at 7.2% against 8.8% a year ago, the government statistics agency reported Thursday.

The July unemployment figure is the lowest unemployment figure for the month since at least 1999, the agency said in its press release.

In the last 12 months, 378,491 people entered the workforce, the INE statistics agency reported.

The INE based its unemployment report on a nationwide survey of 23,018 people.

The statistics agency said that the July results showed that unemployment is likely to be reduced to 6% by the end of the year.

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[Judi Lynn]

1. Sorry, dupe. n/t