Brazil Sheds Jobs for 12th Straight Month as Recession Deepens

  • Country's two-year downturn is the worst in over a century
  • Labor market hasn't reached bottom yet: Banco Mizuho analyst

Brazil shed more than 100,000 formal jobs in March as a second year of recession pummels a labor market that’s not expected to improve in 2016 regardless of how President Dilma Rousseff’s impeachment process plays out.

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