Brazil Jobless Rate Rises to Fresh Record High


Brazil's national unemployment rate rose to 11.2 percent in the three month period ending April 2016 from 9.5 percent in the period ending January. It was the highest reading since the beginning of the survey in January 2012, as the number of unemployed persons rose 18.6 percent while employment fell 1.1 percent. A year earlier, the unemployment rate was recorded at 8 percent.

The number of unemployed persons increased to 11.4 million (from 9.6 million between November and January 2016) while employment declined to 90.6 million (from 91.6 million). Compared to the same quarter last year, the number of unemployed rose by 42.1 percent or by 3.4 million persons while employment declined by 1.7 percent or by 1.5 million people. 

The number of employees in the private sector with a formal contract fell 1.8 percent in the quarter and 4.3 percent compared to last year. Meanwhile the category of people who have worked for its own account increased was virtually unchanged from the previous quarter and increased by 4.9 percent year-on-year.

Among groups of activity, employment fell in general industry (-3.9 percent or -473 thousand), construction (-5.1 percent or -400 thousand people) and trade, repair of motor vehicles and motorcycles (-1.7 percent or -302 thousand people).

The real average earnings was estimated at R$ 1,962, slightly down from the November to January 2015 period (R$ 1,977) and 3.3 percent lower compared to the same quarter of 2015 (R$ 2,030). 

Brazil Jobless Rate Rises to Fresh Record High


IBGE | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/31/2016 1:21:09 PM