Unemployment hits record low
Those considering property for sale in Brazil could be interested to hear that unemployment in July reached its lowest level for six years, it has been reported.
Hinting at economic buoyancy in the nation the Brazilian Institute of Geography and Statistics revealed the unemployment rate was 8.1 per cent in July representing a 1.4 per cent drop compared to the same time last year, according to Agencia Brasil.
The data released also revealed the number of workers with a portfolio in the country last month registered growth of 7.8 per cent over the same period last year, standing at 9.5 million.
It also found the number of Brazilians in employment was up by four per cent to 21.7 million and wages had grown by three per cent since the same time last year.
Meanwhile, it was claimed by A Place in the Sun Magazine this week that Brazilian property benefits from lack of restrictions preventing foreigners buying real estate in the country.
