RIO DE JANEIRO, Nov. 29 (Xinhua) -- Brazil's unemployment rate fell to 11.6 percent in the quarter ending in October, from 11.8 percent in the quarter ending in July, the country's Institute of Geography and Statistics (IBGE) said on Friday.
The rate also fell slightly, compared with the same period of 2018 when it was at 11.7 percent.
IBGE said in its report that the country's unemployment rate "remained statistically stable."
The statistics agency said the unemployed population amounted to 12.4 million people in the quarter ending in October, while the employed population reached 94.1 million people, achieving a 0.5-percent growth compared with the previous quarter ending in July.
According to IBGE, the number of people employed with a formal contract in the private sector was 33.2 million, while the number of people employed without a formal contract in the private sector arrived at 11.9 million. And the number of self-employed workers reached 24.4 million.
Having changed from 24.6 percent to 23.8 percent, the compound underutilization rate of the workforce was 0.8 percentage point lower than that in the previous quarter ending in July.
