Brazil Unemployment Rate Lower Than Expected In Feb-Apr

The jobless rate in Brazil rose to 13.6 percent in the quarter ended April 2017 from 12.6 percent in the three months to January, better than market expectations of 13.9 percent. The number of unemployed jumped by 8.7 percent to 14.0 million people while employment fell by 0.7 percent to 89.2 million.

Compared with the November-January period, the number of unemployed persons jumped 8.7 percent, or by 1.1 million, to 14.0 million. Employment fell by 0.7 percent, or by 615 thousand, to 89.2 million, with job losses in agriculture, livestock, forestry, fishing and aquaculture (-2.4 percent), construction (-4.1 percent) and trade, repair of motor vehicles and motorcycles (-2.6 percent). By contrast, there were increases in industry (1.8 percent) and accomomdation and food (3 percent).

People attached to the labour force, that is, either employed or unemployed but actively seeking for job rose by 0.5 percent to 103.3 million. Those detached from the labour force dropped by 0.3 percent to 64.4 million. 

Compared with the same period a year earlier, the number of unemployed people surged 23.1 percent while employment dropped 1.5 percent.

The average real income (BRL 2,107) in the quarter ended April 2017 remained stable compared to the previous quarter (BRL 2,095) and also in relation to the same quarter of 2016 (BRL 2,052).

Brazil Unemployment Rate Lower Than Expected In Feb-Apr

IBGE | Joana Ferreira |
5/31/2017 12:26:18 PM