The FINANCIAL — Brazil’s unemployment rate rose between June and August while wages declined, according to the government.
Joblessness rose to 8.7% from 8.1% in the previous three-month period and 6.9% a year earlier, the Brazilian Institute of Geography and Statistics, or IBGE, said on October 29, according to Nasdaq.
Average monthly wages fell to 1,882 Brazilian reais ($482), adjusted for inflation, from BRL1,904 in the March-May period.
The data released on October 29 were from a new, nationwide unemployment survey, known as PNAD, that the IBGE is currently phasing in.
The old survey, which will be phased out after this year, only collected data from six major metropolitan areas.
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