Brazil’s unemployment rate rose to a record 14.7 percent in three months to April of 2021 from 14.2 percent in three months to January, as expected. From February to April, Brazil struggled with a resurgence of COVID-19 infections, which led to the reimposition of lockdowns across the country and the cancellation of the Carnival. The number of unemployed persons went up by 489 thousand to 14.76 million while those employed shrank by 85 thousand to 85.94 million. Meanwhile, the labour force participation rate inched up by 1 percentage point to 56.9 percent and the employment rate edged down by 0.2 percentage points to 48.5 percent. source: Instituto Brasileiro de Geografia e Estatística (IBGE)

Unemployment Rate in Brazil averaged 10.33 percent from 2012 until 2021, reaching an all time high of 14.70 percent in March of 2021 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 July of 2021.

Unemployment Rate in Brazil is expected to be 14.50 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 13.40 in 12 months time. In the long-term, the Brazil Unemployment Rate is projected to trend around 12.40 percent in 2022 and 10.50 percent in 2023, according to our econometric models.

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Brazil Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
14.70 14.70 14.70 6.20 2012 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-31 12:00 PM Jan 14.2% 13.9% 14.1% 14.1%
2021-04-30 12:00 PM Feb 14.4% 14.2% 14.5% 14.6%
2021-05-27 12:00 PM Mar 14.7% 14.4% 14.7% 14.7%
2021-06-30 12:00 PM Apr 14.7% 14.7% 14.7% 14.7%
2021-07-30 12:00 PM May 14.7% 14.7%
2021-08-31 12:00 PM Jun
2021-09-30 12:00 PM Jul
2021-10-27 12:00 PM Aug


News Stream
Brazil Jobless Rate at Record High
Brazil’s unemployment rate rose to a record 14.7 percent in three months to April of 2021 from 14.2 percent in three months to January, as expected. From February to April, Brazil struggled with a resurgence of COVID-19 infections, which led to the reimposition of lockdowns across the country and the cancellation of the Carnival. The number of unemployed persons went up by 489 thousand to 14.76 million while those employed shrank by 85 thousand to 85.94 million. Meanwhile, the labour force participation rate inched up by 1 percentage point to 56.9 percent and the employment rate edged down by 0.2 percentage points to 48.5 percent.
2021-06-30
Brazil Jobless Rate at Record High in Q1
The unemployment rate in Brazil rose to a record 14.7 percent in the first quarter of 2021 from 13.9 percent in the quarter ending December of 2020, in line with market expectations. During the January-March period, Brazil became the global epicenter of the pandemic due to a resurgence in COVID-19 infections, which led to the reimposition of lockdowns across the country and the cancellation of the world famous Carnival festival. The number of unemployed persons went up by 880 thousand to an all-time high of 14.81 million while those employed shrank by 529 thousand to 85.90 million. The labour force participation rate was unchanged at 56.8 percent and the employment rate edged down by 0.5 percentage points to 48.4 percent.
2021-05-27
Brazil Jobless Rate Rises to 14.4%
The unemployment rate in Brazil increased to 14.4 percent in the three months to February of 2021 from 14.1 percent in the September to November period of 2020 but slightly below market expectations of 14.5 percent. It was the highest jobless rate since the three months to September of 2020, as the number of unemployed persons rose by 2.9 percent to a record 14.42 million while employment went up only 0.4 percent to 85.90 million. The labour force participation rate edged up by 0.2 percentage points to 56.8 percent and the employment rate remained steady at 48.6 percent.
2021-04-30
Brazil Jobless Rate Almost Steady at 14.2%
The unemployment rate in Brazil dropped to 14.2 percent in the three months to January of 2021 from 14.3 percent in the August to October period of 2020. Still, it was the highest jobless rate for a quarter up to January. The number of unemployed persons rose by 1.5 percent to 14.27 million while employment increased by 2 percent to 86.03 million. The labour force participation rate went up by 0.7 percentage points to 56.8 percent and the employment rate increased by 0.7 percentage points to 48.7 percent.
2021-03-31

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.