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Print Print edition: 2011-09-23

Brazil joblessness steady

Published Updated

Brazil's low joblessness rate held steady in August from July, as wages continued the advance that has pressured inflation and worries policymakers. Brazil's jobless rate held at 6 percent in August from July, the government's statistics agency IBGE said on Thursday, slightly below the 6.1 percent expected in a Reuters survey of 18 economists.
With employers increasing salaries for sought-after workers, near record-low unemployment rates in Brazil have helped boost inflation to six-year highs. The benchmark IPCA inflation index sped above a 6.5 percent target ceiling in April and has only picked up its pace since, with the rate at about 7.33 percent in the 12 months through mid-August.

Copyright Reuters, 2011

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