Brazil's Unemployment Rate Rises to 8.1% in July

The unemployment rate did change significantly compared to the previous month (7.8%), and decreased 1.4 percentage points compared to July 2007 (9.5%)., IBGE 8/25/2008 7:01:47 AM

The employed population (21.7 million) remained stable in relation to June, but increased 4% compared to July 2007. The number of workers with a formal employment contract (9.5 million) increased 7.8% in the annual comparison, reaching its highest percentage for a month of July (43.8%).

The unemployed population (1.9 million) remained stable and decreased 12.3% in the annual comparison. The average real income of workers (R$ 1,224.40) was stable in the monthly comparison and increased 3.0% compared to July last year. The average real household income per capita (R$801.10) was stable in the month and increased 6.7% in the year. The volume of real income earned by the employed population1 (R$26.5 billion) fell 0.6% in the month and increased 8.2% in the year. 

In July 2008, the unemployment rate estimated by IBGE’s Monthly Employment Survey (PME) was 8.1% for the group of six metropolitan areas surveyed; this figure did not change significantly in comparison with the June result (7.8%) and fell 1.4 percentage points when compared to July 2007 (9.5%). This has been the lowest rate for a month of July, in all the PME series since March 2002.

Among the unemployed, 58.5% were women. In terms of age groups, 7.1% were at least 17 years of age, 36.1% were between 18 and 24 years of age; 49.5% between 25 and 49 and 7.1% were 50 years of age or over.