Brazil Unemployment Drops To Record Low In October, But Wages Remain Stagnant

November 21 2013 Brazil’s unemployment rate fell to a record low in October, although wage growth remained stagnant. The jobless rate in Lat...


November 21 2013

Brazil’s unemployment rate fell to a record low in October, although wage growth remained stagnant. The jobless rate in Latin America’s biggest economy dropped to 5.2 percent from 5.4 percent in September – and down from 5.5 percent from October 2012 -- according to the Brazilian Ministry of Employment. The October 2013 figure was slightly lower than the 5.3 percent rate forecast by Bloomberg’s poll of 32 economists.

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