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Brazil jobless rate falls to 13% in Q2

Staff Writer |
The unemployment rate in Brazil dropped to 13% in the three months to June of 2017, below market expectations of 13.3%.

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The jobless rate declined for the third consecutive period after reaching a record high of 13.7% in the first quarter this year.

Compared with the first three months of the year, the number of unemployed fell by 4.9% to 13.486 million in the three months to June; employment rose 1.4% to 90.236 million and those detached from the labour force were steady at 64.415 million.

Employment rose in trade (1.2% to 17.412 million); public administration, defense, social security (3.2% to 15.552 million); industry (3.3% to 11.755 million); domestic services (0.6% to 6.137 million); accomomdation and food (1.5% to 5.071 million); transportation and storage (2.9% to 4.623 million) and other services (5.6% to 4.468 million).

In contrast, job losses were seen in information, financial and real estate activities (-1.2% to 9.82 million); agriculture (-0.3% to 8.652 million) and construction (-1.5% to 6.731 million).

A year earlier, the unemployment was lower at 11.3%.

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