Hiring intentions in education, manufacturing, and wholesale and retail trade are also at multi-year lows when adjusted for seasonal factors.

FORBES: Magazine Article

He insisted that politicians and experts should not send the message that this is "wholesale trashing" and a downgrading of vocational education.

BBC: Are vocational qualifications valuable?

In the longer term, however, Mr Cardoso reckons his biggest achievement will lie in his reform of the state: not just in privatisation, but in a wholesale decentralisation of the state apparatus, particularly in education and health, and in replacing ministries with regulatory agencies, harder for political parties to control.

ECONOMIST: Fernando Henrique Stability