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LatinNews Daily - 28 May 2021

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In brief: Unemployment keeps rising in Brazil

* Brazil’s national statistics institute (Ibge) has released the latest figures on unemployment, which show that the country’s unemployment rate has reached 14.7% in the first quarter of the year, a new record high. This is up from 13.9% in Q4 2020 and 14.4% in the immediately preceding rolling quarter (December 2020-February 2021), and compares with an unemployment rate of 12.2% a year earlier, in January-March 2020 – before the effects of the coronavirus (Covid-19) pandemic began to be strongly felt on the economy. Some 880,000 people have joined the ranks of the unemployed between Q4 2020 and Q1 2021, bringing the total unemployed population to 14.8m, the highest figure since current records began in 2012. The employed population has remained largely stable over this period, at 85.7m.