Brazil Unemployment Rate Up to 4-Year High

Brazilian jobless rate increased for the fourth month in a row to 6.4 percent in April from 6.2 percent in March. It is the highest rate since May of 2011 when it was recorded at 6.4 percent as unemployment rose more than employment.

The number of unemployed persons in six of Brazil’s major metropolitan areas increased to 1.557 thousand from 1.494 million in March, the highest figure since August of 2010 when there were 1.6 million unemployed. Meanwhile, employment increased by 45,000 to 22.769 million. Out of those who have a job, 12.2 percent is being paid the minimum wage while 1.6 percent said could work more hours.

The economically active population increased slightly to 24.327 million from 24.221 million in the previous month. Yet, there were 19.266 million people detached from the labour force in March, 104 thousand less than in March.

Among regions, Salvador recorded the highest jobless rate (11.3 percent) and Porto Alegre the lowest one (5.0 percent). In Rio de Janeiro, the unemployment increased by 0.4 percent to 5.2 percent while in São Paulo it went up to 6.3 percent from 6 percent in March. 

A year earlier, Brazil’s unemployment was recorded at 4.9 percent.

Brazil Unemployment Rate Up to 4-Year High

IBGE | Joana Taborda |
5/21/2015 1:58:27 PM