Brazil’s unemployment rate in June hit a low of 6.2%.  Compare that to June of 2002 when Brazil’s unemployment rate was 11.6%.

Officials credit the drop in unemployment to new job creation.  Last year alone half a million (512,000) new jobs were created in Brazil.  Also, the average wage went up 4% since last year.

Take into account that Brazil counts employment only in the six largest cities, officials admit there are still at least 1.5 million Brazilians out of work.