The unemployment rate in Brazil declined to 11.2 percent in the three months to November of 2019 from 11.6 percent in the three months to October and 11.6 percent a year earlier. It was the lowest jobless rate since the three months to May 2016, and below market expectations of 11.4 percent as more temporary jobs were created in the retail to face the end-of-year holidays.
Unemployment Rate in Brazil averaged 9.77 percent from 2012 until 2019, 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. This page provides the latest reported value for - Brazil Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Unemployment Rate in Brazil is expected to be 11.70 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 11.60 in 12 months time. In the long-term, the Brazil Unemployment Rate is projected to trend around 11.60 percent in 2020, according to our econometric models.