Brazil's unemployment rate fell in October, suggesting the country’s robust labour market will continue to support domestic demand through an incipient economic recovery.
Brazil's jobless rate fell in October to 5.3%, down from 5.4% in September, the government's statistics agency IBGE said on Thursday.
That is the lowest rate for the month since the current data series was introduced in 2002, and remains near an all-time low of 4.7% hit in December last year.
The number of Brazilians with jobs in the six major metropolitan areas surveyed rose 0.9% from September to 23.4 million people, up 3% from the year-ago period.
The tally of people who unsuccessfully looked for work remained unchanged in October from September and from a year earlier.
Real wages, or salaries discounted for inflation, were little changed from September at an average of 1.787.70 Reais (855.36 US dollars), gaining 4.6% from the year-earlier month.
Brazil's jobless rate has remained low despite the recent economic slowdown, contrasting with the United States and many European countries. Spain, hit by a deep recession and a banking crisis, saw its unemployment rate soar to 25% in the second quarter and almost 50% for the 18/24-year age group.