The unemployment rate in Brazil fell to 12.3 percent in the three months to May 2019 from 12.4 percent in the December-February period, matching market forecasts. In the corresponding period of 2018, the jobless rate was higher at 12.7 percent. Unemployment Rate in Brazil averaged 9.63 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.

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 11.70 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.

Brazil Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-29 12:00 PM Unemployment Rate Feb 12.4% 12% 12.4%
2019-04-30 12:00 PM Unemployment Rate Mar 12.7% 12.4% 12.8% 12.7%
2019-05-31 12:00 PM Unemployment Rate Apr 12.5% 12.7% 12.5% 12.4%
2019-06-28 12:00 PM Unemployment Rate May 12.3% 12.5% 12.3% 12.1%
2019-07-31 12:00 PM Unemployment Rate Jun 12.3% 11.9%
2019-08-30 12:00 PM Unemployment Rate Jul 11.50%
2019-09-27 12:00 PM Unemployment Rate Aug 11.50%



Brazil Jobless Rate Falls to 12.3%

The unemployment rate in Brazil fell to 12.3 percent in the three months to May 2019 from 12.4 percent in the December-February period, matching market forecasts. In the corresponding period of 2018, the jobless rate was higher at 12.7 percent.

Compared with the three months ended in February of 2019, the number of unemployed declined by 70 thousand to 12.984 million. 

Employment rose by 1067 thousand to 92.947 million, with most of job gains recorded in public administration, defense, social security and education (+452 thousand); industry (+273 thousand); agriculture, livestock, forestry, fishery and aquaculture (+185 thousand); other services (+129 thousand); information and communication activities, finance, real estate, professional and administrative activities (+121 thousand); transportation, warehousing and mail (+81 thousand); and hotels and restaurants (+9 thousand). Meanwhile, job losses were registered in trade (-127 thousand); and construction (-75 thousand).  

The number of people in the labour force went up by 998 thousand to 105.931 million and those detached from the labour force dropped by 777 thousand to 64.684 million.

Compared with the same period of 2018, the number of unemployed decreaseed by 206 thousand from 13.190 million, while employment increased by 2,361 thousand from 90.586 million.

The average real income was estimated at BRL 2,229 in the three months to May, compared to BRL 2,323 in the three months to February and to BRL 2,292 a year ago.


IBGE | Stefanie Moya | stefanie.moya@tradingeconomics.com
6/28/2019 12:14:40 PM



Brazil Labour Last Previous Highest Lowest Unit
Unemployment Rate 12.30 12.50 13.70 6.20 percent [+]
Employed Persons 92.95 92.37 92.95 87.63 Million [+]
Unemployed Persons 12.98 13.18 14.11 6.01 Million [+]
Labor Force Participation Rate 62.10 61.90 62.10 60.80 percent [+]
Labour Costs 116.60 117.40 181.87 39.60 Index Points [+]
Wages 2289.00 2306.00 2323.00 2169.00 BRL/Month [+]
Minimum Wages 998.00 998.00 998.00 64.79 BRL/Month [+]
Population 208.49 206.80 208.49 72.74 Million [+]
Retirement Age Women 60.00 60.00 60.00 60.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Living Wage Family 2360.00 2330.00 2370.00 2320.00 BRL/Month [+]
Living Wage Individual 1390.00 1400.00 1410.00 1360.00 BRL/Month [+]
Productivity 116.60 117.40 181.87 39.60 Index Points [+]
Non Farm Payrolls 32.14 129.60 309.44 -654.95 Thousand [+]
Employment Rate 54.50 54.20 57.30 53.10 percent [+]
Wages High Skilled 4730.00 4040.00 4730.00 3650.00 BRL/Month [+]
Wages In Manufacturing 2277.00 2312.00 2336.00 2165.00 BRL/Month [+]
Wages Low Skilled 1440.00 1160.00 1440.00 1140.00 BRL/Month [+]


Brazil Unemployment Rate

In Brazil, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. 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. Brazil Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
12.30 12.50 13.70 6.20 2012 - 2019 percent Monthly
NSA




Country Last Previous
South Africa 27.60 Mar/19
Spain 14.70 Mar/19
Turkey 13.00 Apr/19
Brazil 12.30 May/19
Argentina 10.10 Mar/19
Italy 9.90 May/19
France 8.70 Mar/19
Euro Area 7.50 May/19
India 6.00 Dec/18
Saudi Arabia 5.70 Mar/19
Canada 5.50 Jun/19
Australia 5.20 Jun/19
Indonesia 5.01 Mar/19
Russia 4.40 Jun/19
South Korea 4.00 Jun/19
United Kingdom 3.80 May/19
United States 3.70 Jun/19
China 3.67 Mar/19
Mexico 3.50 May/19
Netherlands 3.40 Jun/19
Germany 3.10 May/19
Japan 2.40 May/19
Singapore 2.20 Mar/19
Switzerland 2.10 Jun/19


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