(Bloomberg) -- Brazil's unemployment fell more than expected as Latin America's largest economy continued to reopen and local vaccination campaigns advanced.
The jobless rate decreased to 14.1% in the three months through June, down from 14.6% previously, the national statistics institute reported on Tuesday. The print came in lower than the 14.4% median estimate from analysts surveyed by Bloomberg.
Formal employment has recovered faster in recent months as mobility increases and businesses resume their normal operations following a coronavirus surge earlier this year. Still, policy makers have expressed concern over a sluggish recovery in the informal sector, which accounts for about 40% of Brazil's labor market.
©2021 Bloomberg L.P.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
