The unemployment rate in Brazil increased to 14.3 percent in the three months to October of 2020 from 13.8 percent in the May to July period but below market expectations of 14.7 percent. The number of unemployed rose by 7.1 percent to 14.06 million and employment went up by 2.8 percent to 84.30 million. The labor force participation rate increased by 1.4 percentage points to 56 percent and the employment rate went up by 0.9 percentage points to 48 percent. source: Instituto Brasileiro de Geografia e Estatística (IBGE)

Unemployment Rate in Brazil averaged 10.10 percent from 2012 until 2020, reaching an all time high of 14.60 percent in September of 2020 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. Brazil Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.

Unemployment Rate in Brazil is expected to be 14.60 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 13.60 in 12 months time. In the long-term, the Brazil Unemployment Rate is projected to trend around 13.20 percent in 2021 and 11.80 percent in 2022, according to our econometric models.

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Brazil Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
14.30 14.60 14.60 6.20 2012 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-09-30 12:00 PM Jul 13.8% 13.3% 13.7% 13.6%
2020-10-30 12:00 PM Aug 14.4% 13.8% 14.2% 14.1%
2020-11-27 12:00 PM Sep 14.6% 14.4% 14.9% 14.7%
2020-12-29 12:00 PM Oct 14.3% 14.6% 14.7% 14.8%
2021-01-28 12:00 PM Nov 14.3% 14% 14.2%
2021-02-26 12:00 PM Dec
2021-03-31 12:00 PM Jan
2021-04-30 12:00 PM Feb


News Stream
Brazil Jobless Rate Rises to 14.3%
The unemployment rate in Brazil increased to 14.3 percent in the three months to October of 2020 from 13.8 percent in the May to July period but below market expectations of 14.7 percent as the coronavirus pandemic continues to take the toll on the labour market. The number of unemployed rose by 7.1 percent to 14.06 million and employment went up by 2.8 percent to 84.30 million. The labor force participation rate increased by 1.4 percentage points to 56 percent and the employment rate went up by 0.9 percentage points to 48 percent.
2020-12-29
Brazil Jobless Rate Soars to Fresh Record High of 14.6%
The unemployment rate in Brazil increased to 14.6 percent in the three months to September 2020 from 13.3 percent in the April to June period but below market expectations of 14.9 percent. It was the highest jobless rate on record as the coronavirus pandemic hit the labour market. The number of unemployed jumped by 10.2 percent to an all-time high of 14.09 million and employment fell by 1.1 percent to 82.46 million. The labor force participation rate declined by 0.1 percentage points to 55.1 percent and the employment rate went down by 0.8 percentage points to 47.1 percent.
2020-11-27
Brazil Jobless Rate Jumps to Fresh Record High of 14.4%
The unemployment rate in Brazil rose to 14.4 percent in the three months to August 2020 from 12.9 percent in the March to May period and above market expectations of 14.2 percent. It was the highest jobless rate on record, as the coronavirus pandemic hit the labour market. The number of unemployed increased by 8.5 percent to 13.79 million and employment declined by 5 percent to a record low of 81.66 million. The labor force participation rate decreased by 2.1 percentage points to an all-time low of 54.7 percent and the employment rate went down by 2.7 percentage points to a new record low of 46.8 percent.
2020-10-30
Brazil Jobless Rate Soars to Record High
The unemployment rate in Brazil jumped to 13.8 percent in the three months to July 2020 from 12.6 percent in the February to April period and above market expectations of 13.7 percent. It was the highest jobless rate on record, as the coronavirus pandemic hit the labour market. The number of unemployed rose by 2.5 percent to 13.13 million and employment dropped by 8.1 percent to a record low of 82.03 million. The labor force participation rate declined by 4.3 percentage points to a fresh all-time low of 54.7 percent and the employment rate decreased by 4.5 percentage points to a new record low of 47.1 percent.
2020-09-30

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.