Brazil Jobless Drop to Record as Bank Sees Inflation Risk

Brazil’s unemployment rate fell to a record in November as the central bank warned that a tight labor market and robust demand continue to pose “significant” inflation risks. Interest-rate futures yields rose.

The jobless rate in the world’s second largest developing economy declined to 5.2 percent last month, the lowest since records began in 2002, from 5.8 percent in October, a government report today showed. Economists expected the November rate at