Brazil Unemployment Rate Unexpectedly Falls to 7.5%

The jobless rate in Brazil decreased to 7.5 percent in November of 2015 from 7.9 percent in the previous month, reaching the lowest in four months. The number of unemployed persons fell for the first time this year while employment rose slightly.

The number of unemployed persons in six of Brazil’s major metropolitan areas decreased to 1.833 million (1.913 million in October) while employment rose by 72,000 to 22.52 million. Out of those who have a job, 11.2 percent is being paid the minimum wage (11 percent in October) while 1.8 percent said could work more hours (2.1 percent in October).

The economically active population fell by 6,000 to 24.358 million and the participation rate was steady to 55.4 percent. There were 19.57 million people detached from the labour force in November, 25,000 less than in October.

In November, real wages fell 1.3 percent from the previous month to BRL 2177.2. Year-on-year, wages shrank 8.8 percent.

A year earlier, unemployment was much lower at 4.8 percent, there were less 641 thousand unemployed people and employment was 3.7 percent higher. 

Brazil Unemployment Rate Unexpectedly Falls to 7.5%

Joana Taborda |
12/17/2015 11:30:35 AM