Brazil Unemployment Rate Rises in June to Near Five-Year High
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Brazil’s unemployment rate rose in June to the highest in nearly five years, as the central bank continues to boost rates in the face of a looming recession.
The jobless rate increased to 6.9 percent from 6.7 percent a month earlier, the national statistics institute said Thursday. That was the highest since July 2010 and in line with the median estimate from 40 economists surveyed by Bloomberg.