Brazil Unemployment Rate Below Expectations at 11.8%

The jobless rate in Brazil came in at 11.8 percent in the three months to September of 2016, below market expectations of 11.9 percent but staying at the highest level since the series began in 2012. In the previous quarter, unemployment was lower at 11.3 percent.

Compared with the April-June period, the number of unemployed persons rose by 3.8 percent or by 437 thousand to 12 million while employment fell by 1.1 percent or by 963 thousand to 89.8 million. Employment fell the most in agriculture (-4.2 percent to 9 million), followed by construction (-3.7 percent to 7.14 million); trade and repair of motor vehicles (-1.8 percent to 17 million); domestic services (-2.1 percent to 6.18 million); information, communication, financial services and real estate (-1.2 percent to 9.57 million); industry (-0.7 percent to 11.6 million) and public administration (-0.1 percent to 15.8 million). In contrast, activities related to hotels and restaurants added 192 thousand or 4.3 percent more jobs (to a total of 4.68 million). 

People attached to the labour force, that is, either employed or unemployed but actively seeking for job decreased by 0.5 percent or by 527 thousand to 101.8 million. In contrast, those detached from the labour force rose by 1.2 percent or by 756 thousand to 64.64 million. The labour force participation rate fell to 61.2 percent from 61.6 percent.

A year earlier, unemployment was lower at 8.9 percent. 

Brazil Unemployment Rate Below Expectations at 11.8%

IBGE | Joana Taborda |
10/27/2016 11:38:05 AM