Unemployment hits 11.8pc in Brazil

Rio De Janeiro—Brazil’s unemployment rate reached 11.8 percent in the June-July-August quarter of 2016, up from 11.2 per cent from the previous three months and 8.7 per cent in the same period last year, governmental statistics agency IBGE said.
According to IBGE, the figures are the highest since March 2012 when IBGE started calculating quarterly unemployment rates instead of a monthly rate.
The IBGE report says the number of unemployed people (people over 14 actively seeking work) in Brazil reached 12 million in the quarter ending in August, up 5.1 per cent from the previous three-month period. The figures also represent a staggering 36.6 percent rise from the number of unemployed people registered in the same period last year.
The number of employed people totaled 90.8 million, stable from the previous quarter and down 1.5 percent from the same period last year.
The average earnings of Brazilian workers in all sectors were 2,011 reals (616.9 U.S. dollars), remaining stable both from the quarter ending in May 2016 and the quarter ending in August 2015.—Xinhua

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