LatinNews Daily - 01 October 2020

* Brazil’s national statistics institute (Ibge) has released the latest unemployment figures, according to which the unemployment rate rose to 13.8% in the May-July rolling quarter. This compares with a 12.6% unemployment rate in the February-April rolling quarter, and represents a two-percentage point increase on the unemployment rate over the same period last year. The unemployed population has stayed broadly stable from one rolling quarter to the next, numbering 13.1m in May-July, while the employed population has fallen to 82m, the lowest level on record. This is due to the coronavirus (Covid-19) pandemic leading many working-age people to leave the workforce (that is to say, to stop looking for work), with the working-age population outside of the workforce increasing by 11.3% on the previous rolling quarter, to 79m in May-July.

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