Brazilian unemployment touched 13.0% of the workforce in the second quarter of 2017, down from 13.7% in the first quarter, the Brazilian Census Bureau (IBGE) said Friday. It was the first quarterly decline in unemployment since the fourth quarter of 2014. In raw numbers, Brazil had 13.5 million unemployed as of June, down from 14.2 million as of March. The figures indicate a continued slow recovery from a two-year recession, the IBGE said. Brazil’s economy has been showing signs of recovery against a background of tame inflation, declining interest rates and burgeoning exports.
Link to IBGE releaseMore Testimonials