Brazil’s Unemployment Rises More Than All Forecasts in July
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Brazil’s unemployment rate rose more than forecast by all analysts as the country heads to its longest recession since 1931.
The jobless rate rose to 7.5 percent in July from 6.9 percent a month earlier, the national statistics institute said Thursday. The highest jobless level in more than five years compares with a median estimate of 7 percent in a Bloomberg survey of 37 analysts.