Economics
Brazil’s Unemployment Drop Beats Forecasts in Boost to Economy
- Jobless rate fell to 11.6% in three months ending in Nov.
- Roughly 12.4 million people are unemployed: stats agency
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Brazil’s unemployment rate fell more than expected, representing a break for an economy that’s afflicted by high inflation and recession.
The joblessness rate slid to 11.6% in the three months ending in November from 12.1% previously, the national statistics institute reported on Friday. The figure was below the 11.7% median estimate from analysts in a Bloomberg survey.