RIO DE JANEIRO, BRAZIL - The unemployment rate was 14.6% in the quarter ended in May (March, April, and May), virtually unchanged from the quarter ended in February (14.4%). In practice, 14.8 million Brazilians are looking for a job in the country.
The data come from the Continuous National Household Sample Survey (Pnad), released Friday (30) by the Brazilian Institute of Geography and Statistics (IBGE).
The rate recorded in the quarter ending in May is the second-highest in the historical series started by IBGE in 2012. The record (14.7%) was recorded in the two immediately preceding . . .