Brazil’s unemployment rate fell to 11.0% in the three months through December according statistics agency IBGE. These figures are a record low in four years which show further evidence and signs that the labor market is improving.
Brazil’s central bank raised its 2020 gross domestic product growth forecast to 2.2% in its latest quarterly inflation report from 1.8% previously. Brazil's unemployment rate fell from 12.5 percent earlier in 2019 to about 11.8 percent in August.