RIO DE JANEIRO, BRAZIL - Brazil’s unemployment rate fell unexpectedly to 14.3% in the three months through October, official figures showed on Tuesday, December 29th. This was the first decline this year, as the number of people with jobs rose by almost 2 million from the prior three month period.
The 14.3% unemployment rate was down from a record 14.6% in the three months to September, statistics agency IBGE said, and lower than the median forecast of 14.7% in a Reuters poll of economists. The jobless rate ended last year at 11.0%.
Formal job growth . . .