City
Epaper

Unemployment in Brazil falls to lowest level in 7 years

By IANS | Updated: October 1, 2022 10:45 IST

Brasilia, Oct 1 Unemployment in Brazil fell to 8.9 per cent in the quarter ending in August, the ...

Open in App

Brasilia, Oct 1 Unemployment in Brazil fell to 8.9 per cent in the quarter ending in August, the lowest level in seven years, the state-run Institute of Geography and Statistics (IBGE) said.

From June through August, the unemployment rate in the South American country dropped 0.9 percentage points compared to the March-to-May period, and decreased by 4.2 percentage points year on year, reports Xinhua news agency.

According to the IBGE, the drop of the unemployment rate means that the number of unemployed people in August were 937,000 fewer than that in May.

August marked the sixth consecutive month to see a drop in unemployment, suggesting a recovery in the job market following the pandemic in Brazil.

Meanwhile, the employed population in the country reached a record 99 million, up 7.9 per cent year on year, according to IBGE.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Brazilian Institute of Geography and StatisticsIbgeBrazilBrasilia
Open in App

Related Stories

InternationalBrazil Hot-Air Balloon Crash: At Least 8 Dead After Hot-Air Balloon Catches Fire Mid-Air in Santa Catarina (Watch Video)

FootballARG 4-1 BRA, FIFA World Cup 2026 Qualifier: Messi-Less Argentina Thrash Brazil

InternationalWoman Tries to Kill Co-Worker by Poisoning Water Over Promotion Dispute in Brazil

MumbaiBrazilian Woman Arrested at Mumbai Airport for Smuggling Cocaine Worth Rs 11 Crore Inside Her Stomach

InternationalBrazil Plane Crash: Two Killed, Several Injured as Aircraft Crashes into Busy Street in São Paulo (VIDEO)

International Realted Stories

InternationalPM Narendra Modi Dials Iran President, Calls for De-escalation Amid US Strikes on Nuclear Sites

InternationalMiddle East air travel hit hard as airlines avoid region after US strikes on Iran

InternationalIAEA to hold emergency board meeting on Monday after US strikes Iran nuclear sites

International"Expressed deep concern": PM Modi in phone call with Iran President Pezeshkian calls for de-escalation, dialogue

InternationalGlobal leaders urge restraint, warn of escalation after US strikes Iranian nuclear sites