Unemployment Rate Drops to 7.1% in Brazil, Hitting a 10-Year Low

Brazil’s unemployment rate dropped to 7.1% in the quarter ending in May, the lowest since 2014, down from 8.3% a year ago, reported the IBGE. Analysts had expected a rate of 7.3%. The number of unemployed people fell by 8.8%, or 751,000 individuals, over the quarter. Annually, this figure dropped by 13%, equating to 1.2 […]

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