LatinNews Regional Monitor: Brazil & Southern Cone - 01 November 2019

* Brazil’s national statistics institute (Ibge) has released the latest figures for unemployment, according to which the unemployment rate stood at 11.8% in the third quarter of 2019, a small decrease on the 12% recorded in the second quarter of the year and the 11.9% recorded during the same period last year. In absolute numbers, the employed population grew by 0.5% quarter-on-quarter and the unemployed population decreased by 2%. The Ibge notes that the number of workers in the formal private sector remains unchanged whereas the number of workers in the informal sector grew by a record 2.9% quarter-on-quarter, and 3.4% year-on-year, to a total 11.8m people in July-September 2019. 

End of preview - This article contains approximately 115 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial