RIO DE JANEIRO, BRAZIL - The unemployment rate rose to 13.3 percent in the quarter between April and June, up 1.1 percentage points over the quarter that ended in March, according to a report by IBGE (Brazilian Institute of Geography and Statistics) on Thursday, August 6th.
Compared to the same quarter last year (12.0 percent), the rate was up 1.3 percentage points.
With many Brazilians out of the workforce (the sum of employed and unemployed), due to the coronavirus pandemic, the number of employed people in Brazil fell by a record 9.6 percent in Q2, according . . .