Brazil Jobless Rate Falls To 7.5%

(RTTNews) - Brazil's unemployment rate decreased in the three months ending November, in line with expectations, figures from the Brazilian Institute of Geography and Statistics, or IBGE, showed on Friday.

The jobless rate dropped to 7.5 percent in the September-November period from 7.8 percent in the June-August period.

Further, this was the lowest rate for a quarter ended in May since 2015, when it also stood at 7.5 percent.

In the corresponding period last year, the unemployment rate was 8.1 percent.

The number of unemployed people was 8.2 million, remained stable in the quarter, and fell by 6.2 percent, or 539,000 people, compared to last year.