Indicators
Brazil Unemployment Rate Drops Again Ahead of Interest Rate Decision
- Jobless rate at 6.9% in three months through June; est. 6.9%
- Hot labor market worrying central bankers as they hold rates
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Brazil’s unemployment rate fell for a third consecutive month in June, as a hot job market gives central bankers more reason to keep double-digit interest rates unchanged later on Wednesday.
Official data released Wednesday showed the unemployment rate fell to 6.9% from a month earlier, matching the median estimate from analysts surveyed by Bloomberg. Some 7.5 million people were jobless in the period.