Brazil’s unemployment rate in November fell more than expected, amid weak growth and rising inflation, which may prompt the central bank to further raise interest rates.
The unemployment rate dropped to 4.6 percent, lower than a consensus estimate of 4.9 percent and October's rate of 5.2 percent, data released on Thursday by the Brazilian Institute of Geography and Statistics said.
The country's unemployed population, which accounted for 1.1 million people, fell by 10.9 percent in November on a monthly basis, while in comparison to November 2012, the number of unemployed people held steady.
Gayathri writes about geopolitics and business for International Business Times. She began her career at the Times of India as news coordinator, before moving on to IBTimes...