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Brazil's jobless rate drops to 10.5% in quarter through April

Published 05/31/2022, 09:07 AM
Updated 05/31/2022, 09:10 AM
© Reuters. FILE PHOTO: Women look at job listings posted on a light pole in downtown Sao Paulo, Brazil, September 30, 2020. REUTERS/Amanda Perobelli/File Photo

SAO PAULO (Reuters) - Brazil's jobless rate fell to 10.5% in the three months through April, making it the lowest since early 2016, statistics agency IBGE said on Tuesday.

The unemployment rate came in better than the expectation of 11.0%, according to a Reuters poll.

© Reuters. FILE PHOTO: Women look at job listings posted on a light pole in downtown Sao Paulo, Brazil, September 30, 2020. REUTERS/Amanda Perobelli/File Photo

Brazil ended the period with 11.3 million unemployed people, 5.8% lower than the previous quarter, totaling a 25.3% decrease in the year.

The rate is the lowest since the 10.3% recorded in the three months ended in February 2016, as well as being the lowest rate for a quarter through April since 2015, when it was 8.1%.

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