Economy / Brazil
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Macroeconomic Forecast Brazil
September 2008 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Unemployment in Brazil remains on an overall downward trajectory, even with the jump in the unemployment rate to 8.1% in July, from 7.8% in the previous month. Looking at the 12-month moving average, Brazil's unemployment rate has been declining since March 2007 and hit 8.4% in July, down from 9.2% in January. The ongoing longer-term tightening of Brazil's labour market reflects the robust performance of the Brazilian economy over the past few years, with job creation firmly on the rise.