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Monday, December 22, 2003

Drop in Brazil's Unemployment Rate

Just when you all must have been thinking that I'd sneaked off for xmas without saying goodbye, here I am back again. Just a bit of good economic news from Brazil to back up Frans last post:

Brazil's jobless rate fell for the first time in three months as retailers hired personnel to staff stores for the year-end holiday season and manufacturers such as Fiat SpA looked to boost output to prepare for an economic recovery in 2004.

Unemployment in Brazil's six-largest metropolitan areas fell to 12.2 percent, from 12.9 percent in October, the government said. The median estimate in a Bloomberg News survey of six economists forecast the jobless rate would fall to 12.65 percent. The rate was 13 percent, a two-year high, in August.
Source: Bllomberg

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