Brazil Jobless Rate At 9 Month Low of 12.2%

The unemployment rate in Brazil fell to 12.2 percent in the three months to October of 2017 compared to 12.4 percent in the previous period and matching market expectations. After touching a record high of 13.7 percent in March, the jobless rate has been steady falling mostly due to rise in informal employment.

Compared with the three months to July, the number of unemployed declined by 4.4 percent or 586 thousand to 12.7 million and employment went up by 1 percent or 868 thousand to 91.5 million. Job gains occured in construction (2.5 percent or 169 thousand people); information, communication, financial and real estate activities (3.2 percent or 311 thousand) and domestic services (2.8 percent or 173 thousand). 

The number of people in both the labour force (104.3 million) and detached from it (64.5 million) was nearly stable. 

The average real income received in all jobs by employed persons was estimated at BRL 2,127 in October quarter, higher than BRL 2,119 in the three months to July and BRL 2,076 in the period ended October 2016.

Brazil Jobless Rate At 9 Month Low of 12.2%

IBGE | Joana Taborda |
11/30/2017 11:51:50 AM