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Politics
Economics

Brazil Unemployment Hits New Seven-Year Low Before Presidential Runoff Vote

  • Jobless rate at 8.7% in three months through Sept.; est. 8.7%
  • Brazilians head to the polls on Sunday with Lula leading polls
A employee at a textile factory in Natal, Rio Grande do Norte, Brazil. 

A employee at a textile factory in Natal, Rio Grande do Norte, Brazil. 

Photographer: Luisa Dorr/Bloomberg

Brazil’s unemployment rate declined for the seventh-straight month to the lowest level since 2015, signaling the job market continued to improve ahead of Sunday’s presidential runoff. 

Official data released on Thursday showed joblessness dropping to 8.7% in the three months through September, matching the median estimate from economists in a Bloomberg survey. The number of unemployed fell to 9.5 million, the lowest since December, 2015, the national statistics agency said.