By Ben Tavener, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The rate of unemployment in Brazil fell to a ten-year low of 5.5 percent in 2012, down 0.5 percent on the previous year, figures released by Brazil’s office of national statistics, the IBGE, have revealed. This is despite the economy struggling in 2012 and registering only one-percent growth, dubbed a “pibinho” (small GDP) by economists.

December’s rate was just 4.6 percent, the lowest since the IBGE began its monthly report on unemployment levels in 2002. Ten years ago, in 2003, the rate was . . .

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