Brazil's jobless rate falls to 8-month low

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Source: RTT News
© Scanpix/AP
Unemployment of the second largest economy in South America recorded further decline in the month of August and touched the lowest level in a eight-month period, a data published by the statistical office IBGE revealed on Thursday. Brazil's jobless rate fell from 5.6% recorded in July to 5.3% in August, the lowest figure since December 2012.

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Thu, 26 Sep 2013 16:24:03 GMT

U.K. economic growth may lose momentum: Capital Economics

The pace of growth of the United Kingdome's economy might lose momentum due to a high level of the country's current account deficit, Capital Economics Chief UK Economist Vicky Redwood said on Thursday. A report released by the Office for National Statistics showed that current account deficit of the U.K. was upwardly revise to GBP 21.8 billion in the Q1.

Thu, 26 Sep 2013 16:02:04 GMT

U.S. economy rises 2.5% in Q2

Performance of the U.S. economy advanced at unrevised rate in the Q2, the latest report published by the Commerce Department showed on Thursday. According to the report, gross domestic product of the world's largest economy rose by 2.5% matching previous estimates, while economists had projected the rate of growth to be upwardly revised to 2.6%.

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