The economy remains at full employment in Brazil.

247 - The Monthly Employment Survey (PME) released this Thursday, the 25th, by IBGE corroborates President Dilma Rousseff's statement that Brazil is experiencing a situation of full employment. Yesterday, in a speech at the opening of the 69th UN General Assembly in New York, she again celebrated the creation of formal jobs in recent years, especially in light of the international crisis.

"During the crisis, while the world was losing hundreds of millions of workers, Brazil generated 12 million formal jobs," said the president. "We continued to distribute income, stimulating growth and employment, and maintaining investments in infrastructure," she added, also mentioning in her speech that during this period income grew and inequality fell.

On the 11th, while celebrating the Caged data, which recorded the creation of 101.425 formal jobs in August, Dilma stated that "employment in Brazil has been maintained, despite all the fluctuations." The president said she was "extremely satisfied" with the data, which, according to her, was "quite reasonable" for the time of year and for the employment crisis affecting the world's largest economies.

Read below the Reuters report about the SME:

Unemployment in Brazil rises to 5%, but is the lowest level for August, says IBGE.

RIO DE JANEIRO (Reuters) - Brazil's unemployment rate rose for the second straight month, reaching 5 percent in August, but remained at historically low levels, while average incomes rose again ahead of the presidential elections.

According to information released by the Brazilian Institute of Geography and Statistics (IBGE) this Thursday, the unemployment rate is the lowest for August in the series, which began in March 2002.

"In August, there was job creation, but it wasn't significant enough to absorb the unemployed," stated the research coordinator, Cimar Azeredo.

After postponing the release of data three times in a row due to a civil servants' strike, IBGE also showed through the Monthly Employment Survey (PME) that the unemployment rate was 4,9 percent in May, falling to 4,8 percent in June and rising to 4,9 percent in July.

The August result was slightly above the Reuters poll, whose median indicated that the unemployment rate was expected to reach 4,9 percent in August.

Although unemployment fluctuated slightly upwards, the average income of the population rose 1,7 percent last month compared to July, returning to growth after two consecutive declines, reaching 2.055,50 reais.

The still favorable job market, despite showing signs of losing momentum, has been one of President Dilma Rousseff's (PT) main weapons in the race for reelection in October, amid weak economic activity and high inflation.

IBGE also reported that the employed population rose 0,8 percent in August compared to July, to 23,139 million people, a decrease of 0,4 percent compared to a year earlier.

The unemployed population reached 1,221 million people, a 3,3 percent increase compared to July, and a 5,8 percent decrease compared to a year earlier. The unemployed include both temporary workers who were laid off and unemployed people seeking a chance in the job market.

IBGE is working to replace the PME with the more comprehensive Continuous National Household Sample Survey (PNAD). According to the new indicator, in the first quarter of this year, Brazil's average unemployment rate was 7,1 percent.

(Reporting by Rodrigo Viga Gaier; Text by Camila Moreira; Editing by)