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2025-09-16 21:52:25
[Impressive Employment Data! Brazil's Labor Market Demonstrates Resilience] ⑴ Data released by the Brazilian National Statistics Institute (INSEE) show that the country's unemployment rate fell to 5.6% in the three months ending in July, marking the fourth consecutive decline and reaching a new low since records began in 2012. ⑵ Another key indicator shows that the number of employed people also reached a record high, increasing by 1.2% quarter-on-quarter this quarter to 102.4 million, indicating that positive labor market momentum is maintaining and people are actively entering the job market. ⑶ Despite tight monetary policy, Brazil's labor market has shown strong resilience, with the unemployment rate hovering near historical lows for a long time, but this has also raised concerns about potential inflationary pressures. ⑷ Brazilian Finance Ministry officials stated at an event that they expect annual economic growth to approach 3% during the current presidential term, with the unemployment rate remaining at a historically low level. ⑸ The market is closely watching the upcoming policy rate decision of the Central Bank of Brazil. Previously, the central bank paused its nearly two-decade interest rate hike cycle in July, raising the benchmark rate to a record high of 15%.
