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Brazil Industry Federation Says Millions Will Lose Jobs

Millions of workers will lose their jobs this year because of the recession that has hit Latin America's biggest nation, a Brazilian industry federation said Wednesday. The Rio de Janeiro State Federation of Industries Wednesday said a job market analysis it recently conducted shows that between 1.2 million and 1.6 million jobs will be lost in 2015 — the worst contraction in 17 years. Previously, the worst figures had been registered in 1998 when Brazil lost nearly 580,000 formal...

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