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Economy / Brazil

Charts Of The Day: Fiscal Threats Mounting

September 2010 | Data Release

Despite the ongoing slowdown economic activity, Brazil's labour market continues to tighten, with a further 299,415 government-registered jobs created in August, the highest on record for that month. This in turn, prompted a fall in unemployment to just 6.7%, the lowest since the current series began in 2002. While this data certainly paints a bright picture of the strength of Brazil's recovery, we caution that a breakdown of new jobs created is less encouraging.

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