Brazil’s Unemployment Hits Record Low

SAO PAULO  – Brazil’s unemployment has hit a record low for
the fourth straight month.

The government’s IBGE statistics bureau says November
unemployment dipped to 5.7 percent, the lowest since officials
began using the current methodology in 2002.

In the same month a year ago, unemployment stood at 7.4 percent.

And last month the jobless rate was 6.1 percent.

The government says Friday that increased activity in the auto,
fuel and services sectors all jumped from the same month a year
ago.

Brazil’s economy remains robust despite the global downturn,
largely on the back of domestic consumption.

The government is expecting the economy to grow by 7.5 percent
this year.

Categories: Money

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