Brazilian Economy Update: Dollar Surges, Unemployment Drops
![Dollar jumps, jobless rate drops — MercoPress 1 The last working day of the semester is marked by strong demand for dollars from multinationals sending profits abroad](https://en.mercopress.com/data/cache/noticias/100282/760x480/dore.jpg)
The last working day of the semester is marked by strong demand for dollars from multinationals sending profits abroad
The Brazilian economy is experiencing fluctuations as the exchange rate between the real (R$) and the US dollar (US$) increased by 15.15% over the past six months, with the unemployment rate showing a significant improvement at 7.1% in the quarter ending in May. On the flip side, the stock market fell 0.32%.
External and domestic factors influenced these changes, with the strong demand for dollars on the last working day of the semester and President Lula da Silva’s comments on interest rates affecting the market. The recent figures indicate positive growth in employment, reaching a record high of 101.3 million employed, with an increase in formal and informal jobs.
Despite economic challenges, the average income of workers saw an upward adjustment, and the percentage of workers with social security contributions reached a record high of 65.3%. These indicators reflect the ongoing recovery and stability of the Brazilian economy amidst global uncertainties.
(Source: Agencia Brasil)