Economics
Brazil Unemployment Eases on Less Restrictions, More Vaccines
- Joblessness dropped to 13.7% in three months ending in July
- Reopening of economy has stoked inflation to 5-year high
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Brazil’s unemployment fell more than expected in July on increased access to immunizations and the relaxing of many Covid-19 restrictions.
The rate of out-of-work Brazilians decreased to 13.7% in the three months ending in July, from 14.1% previously, the national statistics institute reported on Thursday. The figure was lower than the 13.9% median estimate from analysts in a Bloomberg survey.