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Brazil Unemployment Fell More Than Expected in Boost to Recovery

  • Joblessness dropped to 13.2% in three months ending in August
  • Roughly 13.7 million people are unemployed: stats agency

Brazil’s unemployment fell more than expected in the three months ending in August, as the labor market gradually mends in Latin America’s largest economy.

The jobless rate decreased to 13.2% from 13.7% previously, the national statistics institute reported on Wednesday. The figure was lower than the 13.4% median estimate from analysts in a Bloomberg survey.