Brazil’s Unemployment Rate Reaches 11.8 Percent in August

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The number of unemployed persons in Brazil continues to steadily rise, with the unemployment rate in the movable quarter ending in August 2016 (June, July and August), reaching 11.8 percent according the Brazilian Institute of Geography and Statistics (IBGE), registering the highest rate since this historic series began in 2012. The government, however, believes with the growth of the economy this rate will begin to improve next year.

The IBGE report shows an increase by more than half a million people looking for work in August in relation to . . .

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