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By Richard Mann, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Brazil's unemployment rate increased to 12.7 percent in the first quarter, reaching 13.4 million people, according to data released by the Brazilian Institute of Geography and Statistics (IBGE) on Tuesday.

This is the highest unemployment rate since the quarter that ended in June 2018, when the rate also stood at 12.7 percent.

In the quarter ended in March, the unemployment rate established by IBGE was 12.4 percent, striking 13.1 million Brazilians.

According to the IBGE, the rate of under-utilization of manpower reached 25 percent . . .

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