By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The latest survey by the Brazilian Institute of Geography and Statistics (IBGE) shows that Brazil closed 2016 with 12.3 million unemployed people, the highest rate since the country entered, in 2014, into one of the worst recessions of its history.

According to the entity the unemployed population in Brazil grew by 2.7 percent in the fourth quarter of the year (October-December) compared the July-September quarter. In comparison to the same quarter of 2015 it increased by 36 percent, or 3.3 million people.

In comparison to . . .

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