Brazil Jobless Rate Lowest in Over 2 Years at 11.6%

The unemployment rate in Brazil declined to 11.6 percent in the three months to November of 2018 from 12.1 percent in the three months to August and 12 percent a year earlier. It compares with market expectations of 11.5 percent. It marks the eighth straight month the unemployment rate falls, reaching the lowest since the three months to July 2016.

Compared with the three months ended in August of 2018, the number of unemployed went down by 501 thousand to 12.206 million. 

Employment rose by 1108 thousand to 93.189 million. It is the highest reading since the series started in 2012, with most job gains occurring in information and communication activities, finance, real estate, professional and administrative activities (+281 thousand); internal trade, repair of motor vehicles and motorcycles (+266 thousand); public administration, defense, social security and education (+256 thousand); other services (+202 thousand); hotels and restaurants (+163 thousand); construction (+140 thousand); and transport and mail (+44 thousand). The number of people in the labour force increased by 607 thousand to 105.395 million and those detached from the labour force decreased by 292 thousand to 65.096 million.

Compared with the same period of 2017, the number of unemployed fell by 364 thousand from 12.571 million, while employment rose by 1241 thousand from 91.949 million.

The average real income was estimated at BRL 2,238 in the three months to November, barely unchanged compared with both the three month to August and to a year earlier.

Brazil Jobless Rate Lowest in Over 2 Years at 11.6%

IBGE | Joana Taborda |
12/28/2018 12:14:55 PM