Jobs
Brazil Jobless Rate Closes 2024 With Uptick But Remains Very Low
- Jobless rate at 6.2% in in three months through Dec; est. 6.1%
- Hot job market is stoking demand, worrying the central bank
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Brazil’s jobless rate ticked up slightly at the end of 2024 while remaining near a record low, keeping pressure on the central bank to raise its interest rate further.
Official data released Friday showed the unemployment rate rose to 6.2% in December from a month earlier, slightly above the median estimate of 6.1% from analysts surveyed by Bloomberg. Some 6.8 million people were out of work.