Unemployment down

[NewsWhore]

According to the Central Bank report the unemployment rate has decreased to 16%, down 0.4% from April 2006. These figures come as a result of the creation of 61,818 new jobs. The same Central Bank report points to a 10.7% growth rate at the close of 2006. This is one of the highest rates of growth in all Latin America and amounts to the highest GDP growth in 19 years. In 1987 the country experienced a 10.1% growth rate. The Central Bank also reports an inflation rate of 5.0% and a 2.5% deficit in the GDP. The deficit is within the IMF requirements.

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