Brazil Unemployment Rate

The unemployment rate in Brazil increased to 12.7 percent in the three months to March 2019 from 11.6 percent in the October-December period, below market expectations of 12.8 percent. In the same period of 2018, the jobless rate was higher at 13.1 percent. Unemployment Rate in Brazil averaged 9.57 percent from 2012 until 2019, reaching an all time high of 13.70 percent in March of 2017 and a record low of 6.20 percent in December of 2013.

Unemployment Rate in Brazil is expected to be 11.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Brazil to stand at 11.50 in 12 months time. In the long-term, the Brazil Unemployment Rate is projected to trend around 11.60 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2019-01-31	11:00 AM	Unemployment Rate	11.6%	11.6%		11.50%
2019-02-27	12:00 PM	Unemployment Rate	12%	11.6%	11.9%	11.8%
2019-03-29	12:00 PM	Unemployment Rate	12.4%	12%		12.4%
2019-04-30	12:00 PM	Unemployment Rate	12.7%	12.4%	12.8%	12.7%
2019-05-31	12:00 PM	Unemployment Rate		12.7%		12.4%
2019-06-28	12:00 PM	Unemployment Rate				12.1%
2019-07-31	12:00 PM	Unemployment Rate				11.9%

Brazil Jobless Rate Below Forecasts at 12.7%

The unemployment rate in Brazil increased to 12.7 percent in the three months to March 2019 from 11.6 percent in the October-December period, below market expectations of 12.8 percent. In the same period of 2018, the jobless rate was higher at 13.1 percent.

Compared with the three months ended in December of 2018, the number of unemployed went up by 1,235 thousand to 13.387 million.

Employment declined by 873 thousand to 91.863 million, with most of job losses occurring in public administration, defense, social security and education (-332 thousand); construction (-288 thousand); trade (-195 thousand); industry (-110 thousand); and other services (-93 thousand). On the other hand, job gains were registered in formation and communication activities, finance, real estate, professional and administrative activities (+117 thousand); hotels and restaurants (+43 thousand); transportation, warehousing and mail (+43 thousand); and agriculture, livestock, forestry, fishery and aquaculture (+33 thousand).

The number of people in the labour force increased by 361 thousand to 105.250 million and those detached from the labour force rose by 117 thousand to 65.250 million.

Compared with the same period of 2018, the number of unemployed dropped by 248 thousand from 13.634 million, while employment advanced by 1,591 thousand from 90.272 million.

The average real income was estimated at BRL 2,291 in the three months to March, compared to BRL 2,276 in the three months to December and to BRL 2,259 a year ago.

IBGE | Stefanie Moya | stefanie.moya@tradingeconomics.com
4/30/2019 12:19:06 PM

News

Brazil Jobless Rate Rises to 12.4%
The unemployment rate in Brazil rose to 12.4 percent in the three months to February 2019 from 11.6 percent in the September-November period but dropped from a 12.6 percent a year earlier. It was the highest jobless rate since the three months to June 2018 period.
Published on 2019-03-29

Brazil Jobless Rate Above Estimates at 12%
The unemployment rate in Brazil increased to 12.0 percent in the three months to January 2019 from 11.7 percent in the August-October period but fell from a 12.2 percent a year earlier. It compares with market expectations of 11.9 percent. It was the highest jobless rate since the three months to August 2018 period.
Published on 2019-02-27

Brazil Jobless Rate Falls to 11.6%
The unemployment rate in Brazil fell to 11.6 percent in the three months to December of 2018, from 11.9 percent in July-September period and 11.8 percent a year earlier. Compared with the three months ended in November, the jobless rate was unchanged, remaining the lowest since the three months to July 2016.
Published on 2019-01-31

Brazil Jobless Rate Lowest in Over 2 Years at 11.6%
The unemployment rate in Brazil declined to 11.6 percent in the three months to November of 2018 from 12.1 percent in the three months to August and 12 percent a year earlier. It compares with market expectations of 11.5 percent. It marks the eighth straight month the unemployment rate falls, reaching the lowest since the three months to July 2016.
Published on 2018-12-28

Brazil Labour	Last	Previous	Highest	Lowest	Unit
Unemployment Rate	12.70	12.40	13.70	6.20	percent	[+]
Employed Persons	91.86	92.13	93.19	88.04	Million	[+]
Unemployed Persons	13.39	13.10	14.18	6.05	Million	[+]
Labor Force Participation Rate	61.70	61.60	61.90	60.80	percent	[+]
Labour Costs	113.52	120.65	181.87	39.60	Index Points	[+]
Wages	2291.00	2285.00	2291.00	2128.00	BRL/Month	[+]
Minimum Wages	998.00	998.00	998.00	64.79	BRL/Month	[+]
Population	208.49	206.80	208.49	72.74	Million	[+]
Retirement Age Women	60.00	60.00	60.00	60.00		[+]
Retirement Age Men	65.00	65.00	65.00	65.00		[+]
Living Wage Family	2360.00	2330.00	2370.00	2320.00	BRL/Month	[+]
Living Wage Individual	1390.00	1400.00	1410.00	1360.00	BRL/Month	[+]
Productivity	113.52	120.65	181.87	39.60	Index Points	[+]
Non Farm Payrolls	129.60	-43.20	309.44	-654.95	Thousand	[+]
Employment Rate	53.90	53.90	57.30	53.10	percent	[+]
Wages High Skilled	4730.00	4040.00	4730.00	3650.00	BRL/Month	[+]
Wages In Manufacturing	2303.00	2311.00	2311.00	2142.00	BRL/Month	[+]
Wages Low Skilled	1440.00	1160.00	1440.00	1140.00	BRL/Month	[+]

In Brazil, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Brazil Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Brazil Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	12.70	12.40	13.70	6.20	2012 - 2019	percent	Monthly	NSA

Export Data API

Country	Last		Previous	Range
South Africa	27.60	Mar/19	27.1	31.2 : 21.5	%
Spain	14.70	Mar/19	14.45	26.94 : 4.41	%
Turkey	14.70	Feb/19	14.7	14.8 : 7.3	%
Brazil	12.70	Mar/19	12.4	13.7 : 6.2	%
Italy	10.20	Mar/19	10.5	13.1 : 5.8	%
Argentina	9.10	Dec/18	9	20.8 : 5.9	%
France	8.70	Mar/19	8.8	10.7 : 7.2	%
Euro Area	7.70	Mar/19	7.8	12.1 : 7.3	%
Saudi Arabia	6.00	Dec/18	6	6.3 : 4.35	%
Canada	5.70	Apr/19	5.8	13.1 : 2.9	%
Australia	5.20	Apr/19	5.1	11.2 : 4	%
Indonesia	5.01	Mar/19	5.34	11.24 : 2	%
Russia	4.70	Apr/19	4.7	14.1 : 4.5	%
South Korea	4.10	Apr/19	3.8	7.1 : 3	%
United Kingdom	3.80	Mar/19	3.9	12 : 3.4	%
China	3.67	Mar/19	3.8	4.3 : 3.67	%
United States	3.60	Apr/19	3.8	10.8 : 2.5	%
India	3.53	Dec/18	3.52	8.3 : 3.41	%
Netherlands	3.30	Apr/19	3.3	7.9 : 3.3	%
Germany	3.20	Mar/19	3.2	11.5 : 0.4	%
Mexico	3.20	Mar/19	3.3	6.42 : 2.22	%
Japan	2.50	Mar/19	2.3	5.5 : 1	%
Switzerland	2.40	Apr/19	2.5	5.7 : 1.5	%
Singapore	2.20	Mar/19	2.2	6 : 1.4	%