Brazil Jobless Rate Falls to 11.8%

The unemployment rate in Brazil fell to 11.8 percent in the three months to August 2019 from 12.3 percent in the March-May period, but slightly above market forecasts of 11.7 percent. The labor force participation rate was unchanged at 62.1 percent. In the corresponding period of 2018, the jobless rate was higher at 12.1 percent.

The number of unemployed dropped by 419 thousand from the previous period, or 3.2 percent, to 12.565 million.

Employment increased by 684 thousand, or 0.7 percent, to 93.631 million, with most of job gains registered in industry (+272 thousand); construction (+181 thousand); public administration, defense, social security and education (+132 thousand); domestic services (+109 thousand); other services (+48 thousand); information and communication activities, finance, real estate, professional and administrative activities (+33 thousand); and agriculture, livestock, forestry, fishery and aquaculture (+13 thousand). Meanwhile, job losses were recorded in transportation, warehousing and mail (-35 thousand); trade (-24 thousand); and hotels and restaurants (-20 thousand).

The number of people in the labour force advanced by 265 thousand to 106.195 million and those detached from the labour force went up by 244 thousand to 64.928 million.

The average real income was estimated at BRL 2,298 in the three months to August, compared to BRL 2,297 in the three months to May.

Brazil Jobless Rate Falls to 11.8%

IBGE | Stefanie Moya |
9/27/2019 12:16:12 PM