Brazil Unemployment Rate At Fresh High Of 12.6%


The jobless rate in Brazil increased for the third straight month to 12.6 percent in the three months to January of 2017 from 12 percent in the previous period, above market expectations of 12.4 percent. It hit again a new record high since the series began in 2012.

Compared with the August-October period, the number of unemployed persons rose by 7.3 percent or by 879 thousand to 12.92 million, reaching the highest on record. Employment was nearly unchanged at 89.85 million, with job losses in industry (-2.2 percent or 254 thousand), public administration, defense, social security, education and health (-4.1 percent or 651 thousand) and domestic services (-1.4 percent or 89 thousand) offseting gains in internal trade (2.4 percent or 410 thousand); information , communication , finance and real estate services (2.5 percent or 237 thousand); accomodation and food (3.4 percent or 161 thousand) and transportation (2.8 percent or 126 thousand). 

People attached to the labour force, that is, either employed or unemployed but actively seeking for job rose by 0.8 percent or by 849 thousand to 102.77 million. Tthose detached from the labour force fell by 0.2 percent or by 119 thousand to 64.608 million. The labour force participation rate went up to 61.4 percent from 61.2 percent. 

Brazil Unemployment Rate At Fresh High Of 12.6%


IBGE | Joana Taborda | joana.taborda@tradingeconomics.com
2/24/2017 12:29:47 PM