Brazil Unemployment Rate at 3-Year High

Brazilian jobless rate increased for the third straight month to 6.2 percent in March of 2015 from 5.9 percent in the previous month. It is the highest rate since March of 2012.

The number of unemployed persons in six of Brazil’s major metropolitan areas increased to 1.494 million from 1.419 million in February. Employment fell by 48 thousand to 22.727 million. Out of those who have a job, 12 percent is being paid the minimum wage while 1.4 percent said could work more hours.

The economically active population increased slightly to 24.221 million from 24.194 million in the previous month. Yet, there were 19.368 million people detached from the labour force in March, 8 thousand more than in February.

Among regions, Salvador recorded the highest jobless rate (12 percent) and Belo Horizonte the lowest one (4.7 percent). In Rio de Janeiro, the unemployment increased by 0.6 percent to 4.8 percent while in São Paulo it fell marginally to 6 percent from 6.1 percent in February. 

A year earlier, Brazil’s unemployment was recorded at 5 percent. 

Brazil Unemployment Rate at 3-Year High

IBGE | Joana Taborda |
4/28/2015 1:28:09 PM