Brazil unemployment continues historic decline despite US tariffs

Brazil's unemployment rate continued its historic decline in the quarter from August to October, despite tariffs imposed on its goods by the United States, official figures showed Friday.The share of the labor force looking for work dropped to 5.4 percent in this period, the lowest since current calculation methods were introduced by the IBGE statistics agency in 2012.During the same period in 2024, unemployment stood at 6.2 percent.The share of the workforce employed in the informal sector nevertheless remains high, at 37.8 percent.The steady drop in unemployment is good news for leftist President Luiz Inacio Lula da Silva.His government is...