Brazil’s and Mexico’s unemployment rates fell in October, as strong labor markets underpin the outperformance of Latin America’s largest economies in the face of high interest rates.
Brazil’s and Mexico’s unemployment rates fell in October, as strong labor markets underpin the outperformance of Latin America’s largest economies in the face of high interest rates.Official data released Thursday showed Brazil’s unemployment rate declined to 7.6% from a month earlierBloomberg Terminal, with the number of out-of-work people falling to 8.3 million — both figures the lowest since 2015. In Mexico, the jobless rate dropped to 2.75% in the same period.
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