Brazil’s January Unemployment Rate Rises to 7.2%

Bloomberg, 02/25/10

Brazil’s jobless rate rose last month from December’s one-year low as workers who were temporarily employed for the year-end holidays went back to the market to look for jobs.

The country’s unemployment rate rose to 7.2 percent in January from 6.8 percent in December, the national statistics agency said today in Rio de Janeiro. The result was lower than 23 of 26 economists’ forecasts in a Bloomberg survey, whose median estimate was for a jobless rate of 7.6 percent.

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