The Legacy of Lula

Brazil has record employment - Yahoo! Finance: "ew government statistics say Brazil has record employment levels -- and even shortages of workers in some sectors.

Monday's report from the government's IBGE statistics bureau on Monday shows the lowest level of unemployment ever recorded, 5.7 percent. Employers in sectors ranging from construction to retail say they're not finding enough workers to meet needs.

Banking group Santander has delayed contracting 1,200 people in Brazil because of difficulty finding applicants. Bradesco bank raised the wages of managers to avoid poaching by competitors.

Labor unions say Brazil's heated economy has led to above-inflation wage increases in nearly all sectors."