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Brazil Unemployment Rate Increases While Wages Fall

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – With increasing inflation and decreasing industrial production, Brazil’s government has yet another negative economic indicator to worry about: the labor market. According to the IBGE (Brazilian Institute of Geography and Statistics) Brazil’s unemployment rate increased in March, going from 5.9 percent in February to 6.2 percent last month, the highest for the month since March 2011.

In addition to the rising unemployment rate, the IBGE’s Monthly Employment Survey (PME) also showed average wages declined by 2.8 percent from February to March, the steepest monthly . . .

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