Economics
Brazil Unemployment Hits Single Digits for First Time Since 2016
- Jobless rate at 9.8% in three months through May; est. 10.2%
- Economy is top issue ahead of October’s presidential election
Workers leave their work in Angra dos Reis, Rio de Janeiro state, Brazil in July 2021.
Photographer: Dado Galdieri/BloombergThis article is for subscribers only.
Brazil’s unemployment rate fell more than expected amid steady job creation, adding to signs that Latin America’s largest economy picked up at the start of the year as the presidential election race heated up.
The jobless rate fell to 9.8% in the three months through May, the national statistics institute reported on Thursday, below the 10.2% median estimate from economists in a Bloomberg survey. It was the lowest since January 2016.