Brazil Unemployment Rate Up To Record High Of 11.9%

The jobless rate in Brazil rose to 11.9 percent in the three months to November of 2016 from 11.8 percent in the previous period. It hit a new record high since the series began in 2012, in line with market expectations. The number of jobless people also reached a record high while employment rose for the first time in six months.

Compared with the June-August period, the number of unemployed persons rose by 0.9 percent or by 108 thousand to 12.13 million while employment edged up at a slower 0.1 percent or by 73 thousand to 90.21 million. Employment fell the most in agriculture (-3.9 percent to 8.9 million), followed by construction (-2.2 percent to 7.07 million); domestic services (-0.9 percent to 6.1 million) and public administration, defense and social security (-0.6 percent to 15.77 million). In contrast, other services (+5.7 percent to 4.39 million), accomodation and food (+4.6 percent to 4.79 million) and internal trade (+1.3 percent to 17.46 million) recorded the biggest payroll gains. 

People attached to the labour force, that is, either employed or unemployed but actively seeking for job rose by 0.2 percent or by 181 thousand to 102.34 million. Tthose detached from the labour force increased by 0.3 percent or by 206 thousand to 64.48 million. The labour force participation rate went down to 61.3 percent from 61.4 percent.

A year earlier, unemployment was lower at 9 percent. 

Brazil Unemployment Rate Up To Record High Of 11.9%

Joana Taborda |
12/29/2016 11:38:15 AM