Brazil Unemployment Rate at Fresh High of 11.6%

The jobless rate in Brazil increased to 11.6 percent in the three months to July of 2016, reaching a new high since the series began in 2012 as the country struggles with the worst recession in years. Figures came above market expectations of 11.5 percent. A year earlier, unemployment was lower at 8.6 percent.

Compared with the February-April period, the number of unemployed persons increased 3.8 percent to 11.847 million and employment edged down 0.2 percent to 90.487 million. 

Economically active population went up 0.3 percent to 166.392 million and the number of people detached from the labour force also increased 0.3 percent to 63.058 million. The labour force participation rate remained steady at 61.5 percent. 

Real average earnings were estimated at R$ 1,985, down from R$ 1,997 in the three months to April.

Brazil Unemployment Rate at Fresh High of 11.6%

IBGE | Joana Taborda |
8/30/2016 1:30:03 PM