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. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Unemployment Rate in Brazil averaged 10.25 percent from 2012 until 2021, 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 May 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.