Brazil Jobless Rate Above Estimates at 12%

The unemployment rate in Brazil increased to 12.0 percent in the three months to January 2019 from 11.7 percent in the August-October period but fell from a 12.2 percent a year earlier. It compares with market expectations of 11.9 percent. It was the highest jobless rate since the three months to August 2018 period.
IBGE | Stefanie Moya | 2/27/2019 12:38:15 PM
Compared with the three months ended in October of 2018, the number of unemployed rose by 318 thousand to 12.669 million. 

Employment declined by 354 thousand to 92.547 million, with most of job losses occurring in agriculture, livestock, forestry, fishery and aquaculture (-192 thousand); industry (-345 thousand fewer); public administration, defense, social security and education (-175 thousand) and other services (-139 thousand). Meanwhile, job gains were recorded in transportation, warehousing and mail (+129 thousand); hotels and restaurants (+126 thousand); and information and communication activities, finance, real estate, professional and administrative activities (+167 thousand). 

The number of people in the labour force fell by 36 thousand to 105.217 million and those detached from the labour force went up by 403 thousand to 65.511 million.

Compared with the same period of 2018, the number of unemployed dropped by 20 thousand from 12.689 million, while employment increased by 846 thousand from 91.702 million.

The average real income was estimated at BRL 2,270 in the three months to January, compared to BRL 2,240 in the three months to October and to BRL 2,251 a year ago.

Brazil Jobless Rate Above Estimates at 12%