Brazil Unemployment Rate Up to 7.9%

The jobless rate in Brazil rose to 7.9 percent in October of 2015 from 7.6 percent in the previous two months, reaching the highest since August of 2009. Unemployment increased, employment fell and the labour force touched the lowest in nearly 13 years.

The number of unemployed persons in six of Brazil’s major metropolitan areas increased to 1.913 million (1.853 million in September), the biggest value since May of 2009. Meanwhile, employment fell by 230,000 to 22.45 million, the lowest since June of 2011. Out of those who have a job, 11 percent is being paid the minimum wage (11.3 percent in September) while 2.1 percent said could work more hours (2.0 percent in September).

The economically active population fell by 170,000 to 24.366 million and the participation rate decreased to 55.4 percent from 55.9 percent in September, the lowest since December of 2002. Yet, there were 19.595 million people detached from the labour force in October, 272,000 more than in September.

In October, real wages fell 0.6 percent from the previous month to BRL 2182.1. Year-on-year, wages shrank 7 percent.

A year earlier, unemployment was lower at 4.7 percent, there were less 771 thousand unemployed people and employment was 3.7 percent higher. 

Brazil Unemployment Rate Up to 7.9%

Joana Taborda |
11/19/2015 11:43:25 AM