MercoPress, en Español

Montevideo, November 21st 2024 - 22:16 UTC

Stories for August 5th 2016

  • Friday, August 5th 2016 - 12:04 UTC

    Brazil´s unemployment reaches 11.3%; only two years ago it stood at 6.5%

    The economy contracted nearly 4% last year is expected to shrink more than 3% this year, shed 91,032 jobs in June.

    Brazil's unemployment rate rose to 11.3% in the second quarter, statistics agency IBGE said, hitting a four-year high as Latin America's largest economy struggles with a crippling recession. In a sign that Brazil's labor market faces even tougher times, economists surveyed expect the unemployment rate will not start falling until 2018.

  • 1
  • 2
Next