Brazil Unemployment Rate Rises to 11.3%

The jobless rate in Brazil edged up to 11.3 percent in the three months to June of 2016 from 11.2 percent in the previous period, reaching the highest since the series began in 2012 as the country struggles with the worst recession in years. However, figures came slightly below market expectations of 11.4 percent. Yet, employment increased for the first time this year and the number of unemployed rose the least in five months.

Compared with the January-March period, the number of unemployed persons increased 4.5 percent to 11.58 million and employment edged up 0.2 percent to 90.79 million. 

Economically active population went up 0.4 percent to 166.27 million and the number of people detached from the labour force edged up 0.1 percent to 63.88 million after being flat in the previous two periods. As The labour force participation rate remained steay at 61.6 percent. 

Real average earnings were estimated at R$ 1,972, down from R$ 2,002 in the previous period.

Brazil Unemployment Rate Rises to 11.3%

IBGE | Joana Taborda |
7/29/2016 1:25:49 PM