LatinNews Daily - 29 May 2020

* Brazil’s national statistics institute (Ibge) has released the latest figures on unemployment which show the unemployment rate rose to 12.6% in the quarter ending in April. This is up 1.3 percentage points from 11.3% unemployment in the previous rolling quarter (November 2019-January 2020) and compares with 12.5% unemployment in February-April 2019. The unemployed population has increased by 7.5% (898,000 people) on the previous quarter to 12.8m, while the employed population fell by 5.4% (4.9m people) quarter-on-quarter, and 3.4% (3.1m) year-on-year, both the biggest decreases on record. The decline in employment reflects the effects of the coronavirus (Covid-19) pandemic, the Ibge says, noting that it has affected both the formal and informal sectors.

End of preview - This article contains approximately 123 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