Brazil’s Unemployment Rate in December Falls to Record Low

Brazil’s unemployment rate in December fell to a record low, adding inflation pressure even as the central bank continues raising interest rates. Swap rates rose.

The jobless rate fell to 4.3 percent from 4.6 percent in November, the national statistics agency said in Rio de Janeiro today. That was lower than forecast by 31 economists surveyed by Bloomberg, whose median estimate was 4.4 percent.