Brazil July Jobless Rate Falls Unexpectedly

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Thursday, Brazil's statistical office IBGE announced that the jobless rate stood at 8% in July, down from 8.1% recorded in the previous month. Economists were looking for the rate of 8.4%. A year earlier, the jobless rate was 8.1%.

The employed persons stood at 21.3 million in July, rising 0.9% compared to the previous month. Meanwhile, the number of unemployed persons totaled 1.9 million.

Thursday, Brazil's statistical office IBGE announced that the jobless rate stood at 8% in July, down from 8.1% recorded in the previous month. Economists were looking for the rate of 8.4%. A year earlier, the jobless rate was 8.1%. (Market News Provided by RTTNews)