By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – The unemployment rate in Brazil increased in the third quarter of 2015, reaching 8.7 percent, according to the IBGE (Brazilian Statistics Bureau). The growth of 0.6 percentage points from the second quarter of 2015 places the rate in the highest level since 2012.
According to Cimar Azeredo, IBGE coordinator for the index, the increase in unemployed persons in Brazil does not necessarily mean more people are losing their jobs. “There is a greater demand for jobs. The participation rate in the market is greater,” Azeredo, told daily O . . .
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