Brazil saw a decrease in unemployment for the fourth month in a row

In July, Brazil saw a decrease in unemployment for the fourth month in a row, despite facing economic difficulties.

The unemployment rate dropped to 7.9%, which most analysts expected.

This meant that around 8.5 million people were unemployed, the lowest number for a July-ending quarter since 2014. Last year, in the same period, the rate was 9.1%.

This information was released by the Brazilian Institute of Geography and Statistics (IBGE). Compared to the previous quarter, there were 6.3% fewer unemployed people.

On the other hand, the number of people with jobs started to grow again after dropping for two quarters, reaching 99.3 million.

This was a 1.3% increase from February to April, meaning 1.3 million more people found work.

However, the yearly growth was only 0.7%, the smallest increase in the last nine quarters of growth.

Most new jobs were in public administration, defense, social security, education, health, and social services, adding 593,000 people.

The information, communication, financial activities, real estate, professional, and administrative activities sectors also grew, adding 296,000 people.

Adriana Beringuy, a research coordinator, highlighted a 3.1% growth in domestic services, which means 178,000 more people found work in this area.

This sector had previously decreased by 3.3% in the quarter ending in April. Only three groups had significant growth in July, but several sectors stopped their downward trends.

These included agriculture, livestock, forestry, fishing and aquaculture, construction and trade, and motor vehicle and motorcycle repair.

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