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 is the lowest jobless rate since the three months to July 2016, but still above market expectations of 11.5 percent. Unemployment Rate in Brazil averaged 9.44 percent from 2012 until 2018, reaching an all time high of 13.70 percent in March of 2017 and a record low of 6.20 percent in December of 2013.
Unemployment Rate in Brazil is expected to be 11.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Brazil to stand at 11.00 in 12 months time. In the long-term, the Brazil Unemployment Rate is projected to trend around 11.10 percent in 2020, according to our econometric models.