Brazil’s unemployment rate eased slightly in April to 13.6% from 13.7% as of March but officials said it was “too soon to celebrate” a change in direction. The figures, released Wednesday by the Brazilian Census Bureau (IBGE), are based on a three-month moving average. The April figures showed 14 million Brazilians looking for work but not finding it, down a bit from 14.2 million as of March. But IBGE researcher Cimar Azeredo said, “It’s too soon to celebrate because the latest figures do not show a clear trend.” Economists have pointed to various indications of a budding economic recovery in Brazil but they warn that unemployment is typically the last indicator to show improvement. Brazil suffered two straight years of recession in 2015 and 2016.
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