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.

Brazil Unemployment Rate
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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



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 [+]


Brazil Unemployment Rate

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




Country Last Previous
South Africa 27.60 Mar/19
Spain 14.70 Mar/19
Turkey 14.70 Feb/19
Brazil 12.70 Mar/19
Italy 10.20 Mar/19
Argentina 9.10 Dec/18
France 8.70 Mar/19
Euro Area 7.70 Mar/19
Saudi Arabia 6.00 Dec/18
Canada 5.70 Apr/19
Australia 5.20 Apr/19
Indonesia 5.01 Mar/19
Russia 4.70 Apr/19
South Korea 4.10 Apr/19
United Kingdom 3.80 Mar/19
China 3.67 Mar/19
United States 3.60 Apr/19
India 3.53 Dec/18
Netherlands 3.30 Apr/19
Germany 3.20 Mar/19
Mexico 3.20 Mar/19
Japan 2.50 Mar/19
Switzerland 2.40 Apr/19
Singapore 2.20 Mar/19


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