RIO DE JANEIRO, BRAZIL - Insufficient job creation is keeping unemployment at record levels when considering the labor market as a whole, including the informal economy, data from the Brazilian Institute of Geography and Statistics (IBGE) show.
In addition, the total number of employed indicates the cut of 7.7 million jobs when compared to the pre-pandemic scenario.
According to the IBGE, the 14.6% unemployment rate in the quarter through May, with 14.795 million people unemployed - at historic highs - rises to 29.3% including the discouraged (who have simply given up looking for work) and the under-employed . . .