UPDATE 1-Brazil's jobless rate hits 7.6% in quarter through October

admin

Administrator
Jun 17, 2007
66,216
0
36
49
Canada
Brazil's jobless rate fell for the seventh rolling quarter in a row in the three months through October, data from statistics agency IBGE showed on Thursday, remaining at its lowest level since early 2015. In Latin America's largest economy, the unemployment rate hit 7.6% in the August-October period, down from 7.7% in the quarter ended in September and also below the 7.7% expected by economists polled by Reuters. Brazil's labor market has been showing continued signs of resilience this year despite high interest rates in the country, with government data earlier this week also showing that more formal jobs were created in October than expected.
 
Back
Top