'Gov't wishes to reduce unemployment to 5%,' Feletti

Deputy Minister of Economy, Roberto Feletti spoke on employment levels today and stated that the idea of the government is to “reduce the level of unemployment to 5%.”

“Currently the unemployment rate stands at 7.3%, the lowest rate in the last 20 years. The objective now is to reduce it to 5 percent,” sustained the government official.

Stating the figures, he commented that “we would like two million and a half people to be incorporated into employment, formally.”

The statements were made during a radio interview, where Feletti further commented on the international economic crisis, insisting, “the country will not suffer financial impact,” due to debt-reduction policies and the Central Bank reserves.