Unemployment at lowest in Brazil level since government began keeping records
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Brazil’s government statistics agency says the unemployment rate in Latin America’s biggest economy was 5.2 percent in November — the lowest level since the government started keeping records in 2002.
The state agency known as IBGE says the figures are a sign of the country’s solid economy in a time of global crisis.
Unemployment has been decreasing in Brazil since March, when it was 6.5 percent — the highest level for the year. By October, it had reached the lowest level of the year, at 5.8 percent. It dropped again last month.
The new numbers were announced Thursday, two days after the Labor Ministry said that the Brazilian economy created less than 43,000 jobs in November — 67 percent fewer than in the same month a year ago.
