Economics
Brazil Unemployment Jumps to Record With Millions Seeking Work
- Jobless rate at 14.6% in three months through September
- Formal jobs are recovering, informal workers are suffering
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Brazil’s jobless rate rose to an all-time high as an increase in the number of people seeking employment strains an already weak labor market.
Unemployment rose to 14.6% in the three months through September, below the 14.8% median estimate from analysts in a Bloomberg survey. Roughly 1.3 million more people were actively seeking jobs in the third quarter compared with the second, the national statistics agency reported on Friday.