Brazil registers record 14.4 million unemployed
Pandemic-battered Brazil registered a record 14.4 million unemployed workers in the three-month period to February 2021, up two million from the year before, officials said Friday.
The unemployment rate for the period came in at 14.4%, said the national statistics institute IBGE. That was up from 11.6% the year before, when the coronavirus pandemic was just starting to be felt in Brazil - and the highest since 1999.
Latin America's biggest economy has been hit hard by Covid-19, which has devastated the country since the first case was confirmed in February 2020.
GDP fell last year by 4.1%, to its lowest level since 2010.
"In one year of the pandemic, 7.8 million jobs were lost," IBGE said in a statement.
At: https://www.batimes.com.ar/news/latin-america/brazil-registers-record-144-million-unemployed.phtml
Unemployed Brazilians at a job center in São Paulo.
Unemployment in Latin America's largest economy rose from an already high 11.6% to 14.4% during the ongoing Covid-19 pandemic.
Nearly 15 million cases and over 400,000 deaths have been recorded in Brazil thus far.
