Brazil Jobless Rate Falls to 12.3% as Expected



The unemployment rate in Brazil decreased to 12.3 percent in the three months to July of 2018 from 12.9 percent in the February - April 2018 period, in line with market expectations.

Compared with the three months ended in April 2018, the number of unemployed declined by 545 thousand to 12.868 million. Employment went up by 928 thousand to 91.661 million, with most job gains seen in public administration, defense, social security and education (+451 thousand); industry (+157 thousand) and agriculture, livestock, forestry and fishing (+ 135 thousand). In contrast, job cuts occured only in information, communication, financial services and real estate (-38). In addition, both the private sector (+442 thousand) and the public sector (+284 thousand) added jobs.

The number of people in the labour force rose by 383 thousand to 104.529 million and those detached from the labour force increased by 315 thousand to 65.491 million. 

Compared with the same period of 2017, the number of unemployed fell by 458 thousand from 13.326 million, while employment went up by 983 thousand from 90.677 million.

The average real income was estimated at BRL 2,205 in the three months to July, slightly less than BRL 2,215 in the three months to April but above BRL 2,188 a year ago.

Brazil Jobless Rate Falls to 12.3% as Expected


IBGE | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
8/30/2018 1:47:22 PM