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Thursday, December 21, 2006

November Unemployment Falls

From Bloomberg:

Brazil's unemployment rate fell to 9.5 percent in November, the lowest rate in 10 months, the national statistics agency said.

Unemployment in Brazil's six largest metropolitan areas declined from 9.8 percent in October, the Rio de Janeiro-based agency said in a statement today. The rate was less than the median forecast of 9.7 percent in a Bloomberg survey of 20 economists. The jobless rate was 9.6 percent in November 2005.

Household monthly income, adjusted for inflation, rose 5.7 percent from the same month of last year to 1,056.60 reais ($489), the agency said. It increased 0.6 percent from October.

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