- Argentina’s economy grew 7.0 percent from the previous year, while the country’s May unemployment rate increased 0.9 percent from the previous month. However, the jobless rate was down 1.4 percent compared to May 2004.
- Brazil’s May GDP increased 0.3 percent over the previous month and rose 2.9 percent compared to the same month in 2004. The country adjusted its accumulated GDP for 2004 to 4.9 percent, representing growth of 4.6 percent. The nation’s April jobless rate remained constant at 10.8 percent, 2.3 percent lower than April 2004.
- Canada’s economy for the first quarter of 2005 grew 1 percent compared to the previous quarter and increased 6.3 percent compared to Q1 2004. The country’s jobless rate stayed stable at 7 percent, a 0.4-percent decrease from May 2004.
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