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The unemployment in Brazil drops to 10.5% in new a little

by John Pierce
July 3, 2023
in Business
1 min read
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Unemployment in Brazil rate decreased to 10.5% for The three months from February to April, the lowest for period since 2015, government He said Tuesday, positive development for country that was struggling with weak growth and high rates of inflation.

shape, a drop of 0.7 percentage points From the three months to January, came in Less than expected – you are welcome news for The largest country in Latin America economy.

Analysts polled business Valor daily predicted rate will be 10.9% for Three-month slippage.

In spite of improvementthere are still 11.3 million unemployed workers in Country of 213 million people.

and 40% of those who They have jobs they work in The informal sector is low paid.

Brazilians get hurt by sharp price Increases. Annual rate currently Standing at 12.13%, well above the average bank . target of 3.5%.

The economy turned into a responsibility for far-right president Jair Bolsonaro, who he is up for Re-election in October.

about 54% of Brazilians say the country’s economic situation will have an impact big Effect on They are vote, according to a recent survey by the Datafolha Institute.

same poll found Bolsonaro succeeds former leftist President Luis Inacio Lula da Silva, with 27% of The vote to 48% for long-term frontrunner.

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