Brazil Unemployment Rate Rises To New High Of 12%


The jobless rate in Brazil increased to 12 percent in the three months to December of 2016 from 11.9 percent in the previous period, in line with market expectations. It hit a new record high since the series began in 2012.

Compared with the July-September period, the number of unemployed persons rose by 2.7 percent or by 300 thousand to 12.3 million. Employment increased at a slower 0.5 percent to 90.3 million, with job gains occuring in internal trade (3.3 percent or 559 thousand), transportation (2.5 percent or 110 thousand) and accomodation and food (3.1 percent or 145 thousand). In contrast, job losses were recorded in public administration, defense, social security, education and health (-1.3 percetn or 199 thousand). 

In 2016, the unemployment rate averaged 11.5 percent, higher than 8.5 percent in 2015. There were 11.8 million unemployed persons, compared to 8.6 million in 2015 and the number of employed fell to 90.4 million from 92.1 million. Real wages shrank 2.3 percent to BRL 2029. 

Brazil Unemployment Rate Rises To New High Of 12%


Joana Taborda | joana.taborda@tradingeconomics.com
1/31/2017 11:45:43 AM