The Brazil Labor Ministry announced that the Brazil economy lost as much as 654 thousand jobs in December as the unemployment rate hit a seven year low to 6.8 percent according to Bloomberg.
The hardest hit sector of the Brazil economy was manufacturing with a total of 273,249 jobs lost.
The negative Brazil economic news continues to further the impact of the global economic crisis as the Brazil economy is now performing its worst since 2003.
No Comments so far ↓
There are no comments yet...Kick things off by filling out the form below.