Brazil Jobless Rate Falls to 12.3%

The unemployment rate in Brazil fell to 12.3 percent in the three months to May 2019 from 12.4 percent in the December-February period, matching market forecasts. In the corresponding period of 2018, the jobless rate was higher at 12.7 percent.
IBGE | Stefanie Moya | 6/28/2019 12:14:40 PM
Compared with the three months ended in February of 2019, the number of unemployed declined by 70 thousand to 12.984 million. 

Employment rose by 1067 thousand to 92.947 million, with most of job gains recorded in public administration, defense, social security and education (+452 thousand); industry (+273 thousand); agriculture, livestock, forestry, fishery and aquaculture (+185 thousand); other services (+129 thousand); information and communication activities, finance, real estate, professional and administrative activities (+121 thousand); transportation, warehousing and mail (+81 thousand); and hotels and restaurants (+9 thousand). Meanwhile, job losses were registered in trade (-127 thousand); and construction (-75 thousand).  

The number of people in the labour force went up by 998 thousand to 105.931 million and those detached from the labour force dropped by 777 thousand to 64.684 million.

Compared with the same period of 2018, the number of unemployed decreaseed by 206 thousand from 13.190 million, while employment increased by 2,361 thousand from 90.586 million.

The average real income was estimated at BRL 2,229 in the three months to May, compared to BRL 2,323 in the three months to February and to BRL 2,292 a year ago.

Brazil Jobless Rate Falls to 12.3%