When the clock struck seven on Tuesday morning, more than 15,000 people jostled for a spot in line to hand in their applications for a job vacancy in the center of São Paulo. Some had traveled for days and queued for over 24 hours looking for an employment opportunity. “I’m desperate,” said Bruno Gomes, a 42-year-old cook who said he would take any spot available. Such scenes have become common in Brazil, as unemployment rates refuse to go down.
According to the Brazilian Institute of Geography and Statistics (IBGE), the unemployment rate has risen for the second straight month, rising to 12.4 percent in the three months through February. Neither the markets nor companies expect things to get much better any time soon; forecasts for the Brazilian economy are repeatedly reduced and confidence indexes continue to go down.
Brazil lost 1 million active workers since November—and the active population...
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