Brazil Unemployment Rate Falls to 12-Month Low

Brazilian jobless rate decreased to 4.3 percent in December of 2014 from 4.8 percent in the previous month, below market expectations. Yet, employment decreased 0.7 percent and 300 thousand persons were detached from the labour force.

Unemployment fell by 141 thousand to 1.05 million in December from the previous month. In the same period, the number of employed persons decreased by 159 thousand to 23.22 million. Yet, 322 thousand persons were underemployed in December, 36 thousand less than in the previous month.

The number of people either working or looking for work decreased by 300 thousand to 24.27 million. 

Considering full 2014, the unemployment rate was recorded at 4.8 percent, the lowest level on record (5.4 percent in 2013). Average real wages increased 2.7 percent over 2013 to BRL 2104.16

Brazil Unemployment Rate Falls to 12-Month Low

Joana Taborda |
1/29/2015 11:19:07 AM