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%

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.

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