UPDATE 1-Brazil's jobless rate at 5.0 pct in August, highest in six months

jueves 25 de septiembre de 2014 08:46 GYT
 

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By Silvio Cascione

BRASILIA, Sept 25 (Reuters) - Brazil's jobless rate rose in August to its highest in six months despite stronger job creation, adding to signs that the economic recession is eroding a robust labor market.

Brazil's non-seasonally adjusted jobless rate stood at 5.0 percent in August, up from 4.9 percent in July, statistics agency IBGE said on Thursday.

It was the first release of official unemployment numbers after a strike disrupted the job market survey for months.

August's jobless rate topped the median forecast of 4.9 percent in a poll of 11 economists. In August 2013, Brazil's jobless rate stood at 5.3 percent.

Brazil's economy slipped into recession in the first half of the year, prompting many companies from manufacturers to retailers to trim payrolls. Job creation recovered slightly in August from July, but remained well below the average of the past decade, according to government data.

The state of Brazil's job market is an important theme in the ongoing presidential election campaign. President Dilma Rousseff, who is running for re-election, has boasted that unemployment remains one of the world's smallest in Brazil. Her opponents have said Rousseff's policies will ultimately lead to an increase in joblessness.

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