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Latin American countries experiencing job growth

14:45 H | Topics: Argentina - Labor - Latin America - Peru

Latin American countries traditionally plagued by unemployment and weak economies are beginning to experience a notable level of job growth, according to Forbes.com's list of "The World's Hottest Job Markets", based on Manpower's quarterly Global Employment Outlook. The South American countries ranked in the Top 5 for job growth: Peru and Argentina:

Manpower's quarterly Global Employment Outlook, which surveyed over 50,000 employers across 27 countries, ranked Peru No. 2 and Argentina No. 4 in expected job growth for the July-September quarter. The firm scored each country by subtracting the percentage of companies that said they plan to cut back on workers from the percentage that said they plan to add them. A country where 75% of employers plan to add to their workforces and 25% plan to cut them, for example, scores +50%. Peru rated +48%, while Argentina weighed in at +38%.

Experts say that the rub is in whether or not this growth is sustainable. Number one on the list is Singapore, while the U.S. barely made the ranking, coming in at number 10.

Via / Forbes.com

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