Brazil’s unemployment rate decreased to 13.2 percent in the three months ending in August of 2021, from 14.6 percent in the three months to May of 2021, and below market expectations of 13.4 percent. It was the lowest rate since May of 2020, as the unemployed population shrank by 1,14 million to 13.67 million, while the number of employed people surged by almost 3,5 million to 90.18 million. Meanwhile, the labour force participation rate inched up by 1.4 percentage points to 58.6 percent and the employment rate rose 1.0 percentage points to 50.9 percent. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Unemployment Rate in Brazil averaged 10.45 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 November of 2021.
Unemployment Rate in Brazil is expected to be 12.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Unemployment Rate is projected to trend around 12.40 percent in 2022 and 11.00 percent in 2023, according to our econometric models.