Brazil Unemployment Rate Keeps Rising

The jobless rate in Brazil increased for the sixth consecutive month to 6.9 percent in June of 2015 from 6.7 percent in May, matching market expectations and reaching the highest value since July of 2010.

The number of unemployed persons in six of Brazil’s major metropolitan areas increased to 1.686 million from 1.633 million in May. Meanwhile, employment fell by 27,000 to 22.761 million. Out of those who have a job, 11.8 percent is being paid the minimum wage while 2.1 percent said could work more hours (1.8 percent in May).

The economically active population increased to 24.447 million from 24.421 million in the previous month. Yet, there were 19.302 million people detached from the labour force in June, 38,000 more than in May.

Average real wages increased 0.8 percent to BRL 2149.1 compared with May and dropped 2.9 percent over a year earlier. 

In June of 2014, Brazil’s unemployment was recorded at 4.8 percent.

Brazil Unemployment Rate Keeps Rising

Joana Taborda |
7/23/2015 1:18:54 PM