- Brazil’s February unemployment rate climbed to 10.6 percent, a rise of 0.4 percent from the previous month, but 1.4 percent lower than February 2004.
- Brazil’s benchmark interest rate, already stratospheric at 19.25 percent, could go even higher if high oil prices and other inflation fears persist. Despite eight consecutive rate hikes, the Brazilian government threatened another half point increase at the next Monetary Policy Committee meeting in May.
- The March unemployment rate in Canada was 6.9 percent, a drop of 0.1 percent from February and fall of 0.6 percent compared to March 2004. While more adult men found work, fewer youth were employed, and the accommodation and food services industries lost many jobs.
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