Jobs
Brazil’s Unemployment Rate Falls Again in November, Signaling Labor Market Resilience
- Jobless rate at 7.5% in three months through Nov.; est. 7.5%
- Central bankers cut rates by two percentage points in 2023
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Brazil’s unemployment rate fell for the eighth straight month, indicating the labor market is still holding up as a slowdown in Latin America’s largest economy takes hold.
Official data released Friday showed the unemployment rate declined to 7.5% in November from a month earlier, matching the median estimate from analysts surveyed by Bloomberg. The number of jobless workers stood at 8.2 million.