Brazil Jobless Rate Below Expectations

The unemployment rate in Brazil fell to 12.6 percent in the three months to August of 2017 from 12.8 percent in the previous period and lower than market expectations of 12.7 percent. The jobless rate fell for the fifth consecutive period to the lowest so far this year. On the other hand, the average real income fell to the lowest so far in 2017.

Compared with the three months to May, the number of unemployed declined 4.8 percent to 13.113 million and employment went up by 1.5 percent to 91.061 million. Job gains occured in other services (3 percent); construction (2.9 percent); public administration, defense, social security (2.7 percent); transportation and storage (2.5 percent); industry (1.9 percent); accomodation and food (1.6 percent); internal trade (1 percent) and information, communication , finalncial and real estate activities (0.9 percent). On the other hand, job losses were seen in agriculture (-0.5 percent) and domestic services (-0.2 percent). 

The labour force increased by 0.7 percent o 104.175 million and those detached from the labour force edged down by 0.1 percent to 64.379 million. 

The average real income usually received in all jobs by employed persons was estimated at BRL 2,105 in the quarter ended August 2017, below BRL 2,116 in the three months to May and BRL 2,116 a year earlier. 

Brazil Jobless Rate Below Expectations

IBGE | Joana Taborda |
10/1/2017 5:36:20 PM