The unemployment rate in Brazil edged down to 14.1 percent in the three months to November of 2020 from 14.4 percent in the June to August period, slightly above market expectations of 14 percent. The number of unemployed rose by just 1.7 percent to 14.02 million and employment increased by 4.8 percent to 85.58 million. The labor force participation rate increased by 1.9 percentage points to 56.6 percent and the employment rate went up by 1.8 percentage points to 48.6 percent. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Unemployment Rate in Brazil averaged 10.14 percent from 2012 until 2020, reaching an all time high of 14.60 percent in September of 2020 and a record low of 6.20 percent in December of 2013. 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 - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Unemployment Rate in Brazil is expected to be 14.20 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 13.80 in 12 months time. In the long-term, the Brazil Unemployment Rate is projected to trend around 12.40 percent in 2022 and 10.50 percent in 2023, according to our econometric models.