Good morning! We’re covering today the latest ILO report on Brazil’s unemployment. Has Brazilian banks’ run of massive gains come to an end? And how Russia tried to fuel social unrest in South America. (This newsletter is for premium subscribers only. Become one now!)
High unemployment the new normal in Brazil
The International Labor Organization (ILO) released its new “World Employment and Social Outlook” report today, with trends for the labor market in the coming years. It forecasts high unemployment rates for Brazil in the foreseeable future—remaining in double digits at least until 2024. If confirmed, unemployment levels would stay...
