Dow Jones reported: “Brazil’s unemployment rate declined in April for the first time in three months as hiring picked up and companies stopped firing seasonal holiday workers, but a decline in average monthly salaries could be a signal that tight labor markets are succumbing to a slowdown in Latin America’s largest economy. Unemployment was 6.0% in April compared with 6.2% in March, the Brazilian Institute for Geography and Statistics, or IBGE, said Thursday. The unemployment rate in April 2011 was 6.4%.”

The real average wage, however, slipped for first time in six months: it fell 0.5% MoM while rising 6.2% YoY.

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