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Brazil Jobless Rate Rises Less Than Expected In January

Brazil's unemployment rate rose less-than-expected in January and the climb was the first in four months, data released by the IBGE showed on Thursday.

The jobless rate rose to 4.8 percent from 4.3 percent in December. Economists had forecast a figure of 5.1 percent. In the same month a year ago, the rate was 5.4 percent.

The unemployment rate eased in each month, after touching 5.4 percent in September. In November, the rate was 4.6 percent.

The number of unemployed rose 9.6 percent monthly to 1.2 million persons. The jobless total declined 12.6 percent from a year ago.

The number of employed shrunk 0.9 percent on a monthly basis to 23.1 million. The figure remained unchanged from last year.

Average real earnings of workers was unchanged from December, but grew 3.6 percent year-on-year.

by RTTNews Staff Writer

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