Economics
Brazil Unemployment Hits Seven-Year Low in Boost for Bolsonaro
- Jobless rate at 9.3% in three months through June; est. 9.3%
- Despite labor gains, Bolsonaro re-election campaign fizzling
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Brazil’s jobless rate fell for the fourth-straight month, adding to a streak of labor-market gains ahead of October’s presidential elections.
Official data released on Friday showed unemployment tumbled to 9.3% in the three months ending in June, matching the median estimate from economists in a Bloomberg survey. It was the lowest since late 2015.