Brazil’s unemployment rate hit an eight year low in May, registered at 7.5% according to the Brazilian Institute of Geography and Statistics. That’s the good news. Lowest in eight years – it’s like opposite land here compared to the US.
The bad news is that, while up 2.5% from a year ago, the average working Brazilian’s wage was just US$795 a month. Ouch.
So when I mention the high cost of living here it should be understood as a combination of both high consumer prices and the low wages we earn. Unfortunately neither Luiz nor I work for an American firm earning US dollars. We’re right here on the ground in Brazil, livin’ like the locals.
Não é facil. (But then, it seems every week we have a holiday.)