Brazil Jobless Rate Down to 12.4%

The unemployment rate in Brazil fell for the sixth straight period to 12.4 percent in the three months to September of 2017 from 12.6 percent in the three months to August. It is the lowest rate so far this year, in line with market expectations.

Compared with the three months to June, the number of unemployed declined 3.9 percent to 12.961 million and employment went up by 1.2 percent to 91.297 million. Job gains occured in accomodation and food (3.4 percent); information, communication , financial and real estate activities (2.4 percent); construction (2.1 percent); public administration, defense, social security (1.6 percent); domestic services (1.3 percent); other services (1.2 percent); industry (0.6 percent) and internal trade (0.5 percent). On the other hand, job losses were seen in agriculture (-0.4 percent) and transportation and storage (-0.2 percent). 

The labour force increased by 0.5 percent o 104.258 million and those detached from the labour force edged up by 0.1 percent to 64.464 million. 

The average real income usually received in all jobs by employed persons was estimated at BRL 2,115 in the quarter ended September 2017, higher than BRL 2,108 in the three months to June and BRL 2,065 a year earlier. 

Brazil Jobless Rate Down to 12.4%

IBGE | Joana Taborda |
10/31/2017 11:27:45 AM