Brazil Jobless Rate Drops Again, Adding Pressure on Central Bank

(Bloomberg) -- Brazil’s national unemployment rate fell more than expected, notching the fifth straight month of labor gains as central bankers raise borrowing costs to cool down a hot economy.

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Official data released Friday showed the jobless rate dropped to 6.6% in August from a month earlier, below the 6.7% median estimate from analysts surveyed by Bloomberg. Some 7.3 million people were out of work in the period.

--With assistance from Giovanna Serafim.

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