Un­em­ploy­ment in Brazil drops to 13%

Muscat Daily - - BUSINESS -

Brazil’s un­em­ploy­ment rate fell to 13 per cent in the sec­ond quar­ter, fig­ures showed on Fri­day, com­ing down from 13.7 per cent as the coun­try strug­gles to emerge from a his­toric re­ces­sion.

The coun­try’s IBGE state statis­tics of­fice wel­comed the news, call­ing it ‘the first sig­nif­i­cant de­cline of this in­dex’ since the pe­riod of Oc­to­ber to De­cem­ber 2014.

Brazil saw its first monthly de­cline in un­em­ploy­ment fig­ures this April since Novem­ber 2014, fall­ing 0.1 per­cent­age point to 13.6 per cent.

Newspapers in English

Newspapers from Oman

© PressReader. All rights reserved.