Labor Market Worsened Before Virus; Unemployment Could Reach 16 Percent

Brazil's collective wage bill dropped slightly from R$218.5 billion in January to R$217.6 billion last month.

RIO DE JANEIRO, BRAZIL - The National Household Sample Survey (PNAD), released on Tuesday, March 31st, by the Brazilian Institute of Geography and Statistics (IBGE), shows that the labor market was showing signs of deterioration even before the spread of the new coronavirus in Brazil, assess analysts.

If the scenario was no longer encouraging, it only tends to worsen with the pandemic.

The unemployment rate, which stood at 11.6 percent in the quarter ended . . .

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