Brazil Jobless Rate Falls to 13% in Q2
The unemployment rate in Brazil dropped to 13 percent in the three months to June of 2017, below market expectations of 13.3 percent. The jobless rate declined for the third consecutive period after reaching a record high of 13.7 percent in the first quarter this year.
7/28/2017 12:26:54 PM
Compared with the first three months of the year, the number of unemployed fell by 4.9 percent to 13.486 million in the three months to June; employment rose 1.4 percent to 90.236 million and those detached from the labour force were steady at 64.415 million.
Employment rose in trade (1.2 percent to 17.412 million); public administration, defense, social security (3.2 percent to 15.552 million); industry (3.3 percent to 11.755 million); domestic services (0.6 percent to 6.137 million); accomomdation and food (1.5 percent to 5.071 million); transportation and storage (2.9 percent to 4.623 million) and other services (5.6 percent to 4.468 million). In contrast, job losses were seen in information, financial and real estate activities (-1.2 percent to 9.82 million); agriculture (-0.3 percent to 8.652 million) and construction (-1.5 percent to 6.731 million).
A year earlier, the unemployment was lower at 11.3 percent.