World Economy

More Brazilians Employed

More Brazilians EmployedMore Brazilians Employed

Brazil’s unemployment rate fell more than expected in the second quarter, government data showed on Friday, but the surprising improvement was mainly due to a spike in off-the-books jobs as companies struggle to recover from a deep recession, Reuters reported. Brazil’s jobless rate fell to 13% in the three months through June, statistics agency IBGE said, down from a record high of 13.7% in the first quarter and below market expectations for a figure of 13.3%. The number of unemployed workers in Brazil fell to 13.5 million from 14.2 million in the first quarter.

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