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LatinNews Daily - 01 September 2021

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In brief: Brazil’s unemployment rate decreases

* Brazil’s national statistics institute (Ibge) has released the latest figures for unemployment, which show that the unemployment rate fell to 14.1% in the second quarter of the year, down from a record 14.7% in Q1. However, in year-on-year terms, Brazil’s unemployment rate has increased by 0.8 percentage points in April-June 2021, from 13.3% a year earlier. The unemployed population totalled 14.4m in Q2, while 87.8m people were employed (this is up 2.5% on the employed population in Q1, and 5.3% on Q2 2020 figures). The Ibge’s research analyst, Adriana Beringuy, notes that this increase in the employed population explains the slight decrease in unemployment over the course of this year, and adds that Q2 saw an increase not only in the number of self-employed workers and workers in the informal sector, but also of salaried employees in the formal sector. The number of informal workers dropped last year as people stayed home with the onset of the coronavirus (Covid-19) pandemic, but the informal sector is now growing again, with 35.6m informal workers recorded in Q2 2021, up from 30.8m a year earlier.