Ecuador: number considered in poverty decreases 9 percent in five years

Posted on May 1, 2012 • Filed under: Economy, Ecuador, Social Issues

Poverty in Ecuador has fallen by nine percentage points between December 2006 and December 2011, according to the latest quarterly survey of employment, unemployment and underemployment that made the INEC (National Institute of Statistics and Censuses). This means that in the past five years have risen out of poverty around 930,000 people, as of December 2006, 37.6% of the population was poor and now 28.6%.The cause of this decline in poverty, according to the owners of the INEC and the Senplades, Byron Villacis and Fander Falconi, is the largest employment generation.The average unemployment indicators in 2007 was between 7% and 7.5%, and in recent years is between 5% and 5.5%, according Villacis. Read Article

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