November 21 2013
Brazil’s unemployment rate fell to a record low in October, although wage growth remained stagnant. The jobless rate in Latin America’s biggest economy dropped to 5.2 percent from 5.4 percent in September – and down from 5.5 percent from October 2012 -- according to the Brazilian Ministry of Employment. The October 2013 figure was slightly lower than the 5.3 percent rate forecast by Bloomberg’s poll of 32 economists.
From IBT
