Brazil Unemployment Rate Falls to 12.8%

The jobless rate in Brazil fell to 12.8 percent in the quarter ended July 2017 from 13.6 percent in the three months to April, better than market expectations of 13 percent.

Compared with the February-April period, the number of unemployed persons dropped 5.1 percent, or by 721 thousand, to 13.3 million. Employment increased by 1.6 percent, or by 1.4 million, to 90.7 million, with job gains in industry (3.7 percent), trade, repair of motor vehicles and motorcycles (1.3 percent), public administration, defense, social security, education, human health and social services (3.9 percent) and other services (4.1 percent). 

People attached to the labour force, that is, either employed or unemployed but actively seeking for job rose by 0.7 percent, or 718 thousand, to 104 million. Those detached from the labour force were unchanged at 64.4 million. 

Compared with the same period a year earlier, the number of unemployed people surged 12.5 percent while employment showed no growth.

The average real income usually received in all jobs by employed persons was estimated at BRL 2,106 in the quarter ended July 2017, almost unchanged compared to the previous quarter (BRL 2,111) and slightly higher than the same quarter of 2016 (BRL 2,045).

Brazil Unemployment Rate Falls to 12.8%

IBGE | Joana Ferreira |
8/31/2017 12:16:39 PM