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Brazil unemployment rate might have reached 19.4% in Q1 despite labor force recovery

RIO DE JANEIRO, BRAZIL - The unemployment rate in Brazil would have reached 19.4% in the first quarter 2021 had the labor force resumed the growth rate recorded in the pre-pandemic period, estimated the Institute of Applied Economic Research (Ipea).

However, the health crisis continues to generate a high number of inactive people, that is, people who neither have a job nor are looking for a position and are therefore out of the labor force.

In the first quarter, Brazil's official unemployment rate stood at 14.7%, according to data from the Continuous Pnad, calculated by IBGE. A . . .

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