Unemployment at historical low in Brazil
Brazil’s unemployment is at its lowest level for the month in six years, it has been reported.
People considering buying property in Brazil could be interested to hear that the Latin American nation has a historically low number of people out of work, which suggests that the labour market is booming.
The Brazilian Institute of Geography and Statistics revealed the rate in the six largest metropolitan regions of the country stood at 8.5 per cent in March, according to Reuters.
Cimar Pereira, IBGE economist, told the news provider that in previous years the unemployment rate was "still rising" at this time and only began to fall in the second half of the year.
"The rate is much lower, 1.6 per cent lower than that seen last year," he added.
Meanwhile it was revealed earlier this week, by Resort Group International, that property in Brazil is becoming "more and more popular" with UK investors.
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