Indicators
Brazil’s Unemployment Rate Drops Again as Economy Stays Strong
- Jobless rate at 6.8% in three months through July; est. 6.8%
- A strong labor market has helped keep the economy running hot
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Brazil’s unemployment rate fell in line with expectations as a strong jobs market propels growth and piles pressure on the central bank to lift doubt-digit interest rates even higher.
Official data released Friday showed the unemployment rate dropped to 6.8% in July from a month earlier, matching the median estimate from analysts surveyed by Bloomberg. It was the fourth consecutive month of labor gains. Some 7.4 million people were jobless in the period.