Brazil July Unemployment Falls More Than Forecast and Swaps Rise
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Brazil’s unemployment rate in July fell to its lowest level in five months, beating estimates made by analysts as traders in the swaps market increased bets central bankers will tighten monetary policy to slow inflation.
The jobless rate fell to 5.6 percent from 6 percent in June, the national statistics agency said in Rio de Janeiro today. Economists had forecast unemployment would drop to 5.8 percent, according to the median estimate in a Bloomberg survey of 29 analysts.