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© Reuters
By Jamie McGeever
BRASILIA (Reuters) – Unemployment in Brazil rose in January for the primary time in 4 months, figures confirmed on Wednesday, kicking off the yr again above 14% as job progress didn’t hold tempo with the variety of individuals returning to the labor market to search for work.
The 14.2% jobless charge within the three months to January was barely larger than the 14.1% median forecast in a Reuters ballot of economists, inching again up in direction of the report 14.6% within the three months to September. It was up from 13.9% within the last quarter of 2020.
Figures from statistics company IBGE confirmed that the variety of Brazilians formally unemployed within the three months to January rose barely to 14.3 million from 14.1 million within the three months to October, and up 20% from a yr in the past.
Some 86 million Brazilians had work, up 2% or 1.7 million individuals from the August-October interval, though nonetheless down 8.6% or 8.1 million individuals from the identical interval a yr earlier.
The workforce stood at 100.3 million individuals, up 2% or 1.9 million from the three months via October, and the variety of individuals out of the workforce totally fell by 1.1% to 76.4 million, IBGE stated.
The under-employment charge fell to 29% from 29.5% within the August-October interval, IBGE stated.
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