Brazilian Unemployment Lowest in 8 Years at 6.2%: Jobs Are Created, Not Because People Stopped Looking for Work

The Brazilian Institute of Statistics announced that the unemployment rate in September was 6.2% in the major metro areas, the lowest in 8 years.

The figure came below expectations. The surge in employment is attributed to the "favorable economic scenario".

Contrary to the U.S., the institute aid that the lower unemployment levels was a result of more jobs offered, not because of people stopped looking for jobs. The number of employed in metro areas grew to 22.28M people, 0.7% higher than in August and 3.5% higher than the same period in 2009.