Brazil Jobless Rate Drops to 11.8%

The unemployment rate in Brazil fell to 11.8 percent in the three months to September 2019 from 12 percent in the April-June period, but above market consensus of 11.6 percent. The labor force participation rate was steady at 62.1 percent. In the corresponding period of 2018, the jobless rate was slightly higher at 11.9 percent.
IBGE | Stefanie Moya | stefanie.moya@tradingeconomics.com 10/31/2019 12:13:02 PM
The number of unemployed declined by 251 thousand from the previous period, or 2 percent, to 12.515 million.

Employment rose by 459 thousand, or 0.5 percent, to 93.801 million, with most of job gains recorded in construction (+254 thousand); trade (+101 thousand); industry (+68 thousand); hotels and restaurants (+67 thousand); information and communication activities, finance, real estate, professional and administrative activities (+51 thousand); domestic services (+34 thousand); public administration, defense, social security and education (+29 thousand); other services (+12 thousand); and transportation, warehousing and mail (+8 thousand). On the other hand, job losses were registered in agriculture, livestock, forestry, fishery and aquaculture (-144 thousand).

The number of people in the labour force went up by 208 thousand to 106.315 million and those detached from the labour force advanced by 86 thousand to 64.843 million.

The average real income was estimated at BRL 2,298 in the three months to September, compared to BRL 2,297 in the three months to June.

Brazil Jobless Rate Drops to 11.8%