International Monetary Fund says it was a peak of unemployment rate equal to 12.3% of total labor force in 2003 in Brazil. The peak was followed by downward trend during 9 years up to the 5.5% level in 2012. Although unemployment was high again in 2016, it is expected to decline in the near future: to 10% by 2020 according to IMF prediction and to 6.8% by 2030 according to OECD Long-term Forecast.
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