Brazil’s unemployment rate: 13.1%. Photo: André Gomes de Melo/FP
The Brazilian Institute of Geography and Statistics (IBGE) has recently published the latest unemployment rate: 13.1 percent. It marks the third-straight quarter during which the number of unemployed workers has gone up. While there are seasonal reasons for this increase, as temp workers have been laid off, they don’t tell the whole story.
Unemployment rates indicate the health of an economy. In Brazil’s case, the rising unemployment suggests a loss of steam in the Brazilian recovery. It seems inevitable that Brazil will have a GDP growth smaller than expected. The 3 percent growth initially forecast by the government is now a longshot.
The government blamed the rising unemployment rate solely on...
U.S. Congresswoman Susan Wild, a Democrat from Pennsylvania, on Tuesday said that a House hearing…
The accounts of federal, state, and municipal governments, plus those of state-owned companies, recorded a…
The intense floods that chastise Rio Grande do Sul, Brazil’s southernmost state, have killed over…
Brazil's southernmost state of Rio Grande do Sul, a state the size of Ecuador, has…
In September 2023, an extratropical cyclone hit Brazil’s South region, causing heavy rains and floods…
The Abu Dhabi National Oil Company (ADNOC) is no longer interested in buying Novonor's controlling…