Brazil’s August Unemployment Rate Equals Record Low for Month
September 26, 2013 by Avila Capital Markets, Inc.
Brazil’s unemployment rate in August unexpectedly fell, signaling continued recovery in the world’s second-biggest emerging market. Swap rates rose.
The jobless rate dropped to 5.3 percent from 5.6 percent in July, the national statistics agency said in Rio de Janeiro today. That was the lowest since the 4.6 percent recorded in December and equaled the record low for the month. It also was less than forecast by all 32 economists surveyed by Bloomberg, whose median estimate was 5.6 percent.
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