Under the Bolivarian government of Venezuela, over 3.7 million jobs have been created since 1999 as a “product of the growth of the active population,” said Elías Eljuri, the President of the National Institute of Statistics (INE) in a televised interview Monday on state television.
Venezuela has steadily reduced the unemployment rate during the government of President Hugo Chávez, Eljuri said.
“In periods such as 2009 and 2010, when the economy dropped 3.2 percent, the unemployment rate stood at 8 percent as part of the socialist and humanist policy” developed by the government, he said.
The INE president predicted that 2012 will end with an unemployment rate of 7 percent.
“About $500 billion has been invested in the social area. When you compare in 13 years of government social investment has almost doubled. This is very important because it has paved the way for creating jobs throughout this time and maintaining the rates that we have had,” Eljuri said.
VTV / Press Office – Venezuelan Embassy to the U.S. / June 26, 2012