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"Brazil’s unemployment rate fell to the lowest level for the month of June since at least 2002.
Unemployment fell to 7.0 percent in June, the national statistics office said today in Rio de Janeiro. The figure was lower than the median estimate of 7.3 percent among 34 economists surveyed by Bloomberg. Unemployment was 7.5 percent in May.
The yield on the interest rate future contract maturing January 2011, the most traded today on Sao Paulo’s BM&F Exchange, fell 12 basis points to 10.86 percent at 8:07 a.m. New York time. The real rose 0.6 percent to 1.7704 per dollar."
To read the full article visit: http://www.bloomberg.com/news/2010-07-22/brazil-s-jobless-rate-fell-to-7-in-june-lowest-level-for-month-since-02.html
By: MAtthew Bristow
Source: Bloomberg
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