Brazil Jobless Rate Drops to 11-Month Low of 12%

The unemployment rate in Brazil fell to 12 percent in the three months to November of 2017 compared to 12.2 percent in the previous period and matching market expectations. It is the lowest rate since the last quarter of 2016. After touching a record high of 13.7 percent in March, the jobless rate has been steady falling mostly due to a rise in informal employment.

Compared with the three months to August, the number of unemployed declined by 4.1 percent or 543 thousand to 12.6 million and employment went up by 1 percent or 887 thousand to 91.9 million. Job gains occured mostly in trade (+1.3 percent or 223 thousand); information, communication, financial and real estate activities (+2.2 percent or 219 thousand) and domestic services (+3.5 percent or 214 thousand). 

The number of people in the labour force went up by 345 thousand to 104.3 million and the number of those detached from the labour force were unchanged at 64.5 million. 

The average real income received in all jobs by employed persons was estimated at BRL 2,142 in the November quarter, higher than BRL 2,122 in the three months to August and BRL 2,087 in the period ended November 2016.

Brazil Jobless Rate Drops to 11-Month Low of 12%

IBGE | Joana Taborda |
12/29/2017 1:48:20 PM