Brazil Unemployment Rate Jumps More Than Expected to 6%
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Brazil’s unemployment rate rose in June to the highest since April 2012, signaling a weakening labor market after five quarters of below-forecast economic growth in Latin America’s biggest economy.
The jobless rate jumped to 6 percent last month from 5.8 percent in May, according to a report today on the National Statistics agency’s website. That was higher than expected by all but 1 of 27 economists surveyed by Bloomberg, whose median forecast was for a 5.8 percent rate. The rate also rose from 5.9 percent the year before, the first rise in June since 2009.