National Statistics Institute in its monthly report on labor force reported that Venezuela's jobless rate stood at 8.6% in April 2012.

In absolute terms, a total of 1,152,522 people were jobless in the fourth month of the year. According to the report, of those who were unemployed, 633,640 were men and 518,882 were women.

According to INE, the unemployment rate slightly increased by 0.5% compared with the same period last year. The jobless rate was 8.1% in April 2011.

The total of employed people in April 2012 was 12,278,610 people. Meanwhile, the economically inactive population (people who were not looking for a job, but were involved in other activities) amounted to 7,553,438 people.

Source - El Universal

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