Brazil's unemployment rate hit a record low of 6.6% in 2024, with employment up 2.6%.

In 2024, Brazil's unemployment rate hit a record low of 6.6%, with the number of employed reaching 103 million, a 2.6% increase from the previous year. The report from the Brazilian Institute of Geography and Statistics (IBGE) also showed a rise in formal contracts to 38.7 million, an increase of 2.7%. Despite these improvements, challenges remain, including a large informal sector and underemployment.

2 months ago
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