SAO PAULO, May 23 (Reuters) – Brazil’s jobless rate rose
slightly in April for the fourth straight month but remained
near record lows, suggesting that tight labor conditions
bolstered a gradual recovery and fed into inflation, statistics
agency IBGE said on Thursday.
Brazil’s jobless rate rose unexpectedly to 5.8
percent from 5.7 percent in March. The number was above the
median forecast of 5.6 percent in a poll of 23 economists.
Brazil’s fiscal policy is not fueling inflation, Mantega says – that’s not the central bank’s opinion
SAO PAULO, May 16 (Reuters) – Economic activity in Brazil
accelerated in the first quarter, central bank data showed on
Thursday, adding to signs that a gradual recovery has gained
steam after massive stimulus by President Dilma Rousseff’s
The improvement happened even though retail sales, one of
the main pillars of recent economic growth, had its weakest
quarter in five years as inflation jumped. This suggests Brazil
relied less on consumers and more on industrial output and
private investments to expand recently.