Brazil Unemployment Rate Lower Than Expected At 13.3%

The jobless rate in Brazil came in at 13.3 percent in the quarter ended May of 2017, well below market expectations of 13.8 percent. The jobless rate declined for the second consecutive period after reaching a record high of 13.7 percent in the first quarter of the year.

In the the December-February period, the jobless rate was slightly lower at 13.2 percent. Compared with the December-February period, the number of unemployed increased by 1.7 percent to 13.77 million in the three months to May; employment rose at a slower 0.4 percent to 89.687 million and those detached form the labour force decreased by 0.2 percent to 64.412 million. 

Employment rose in the industrial sector (3 percent to 11.66 million), accomomdation and food (2.9 percent to 5.1 million), other services (2.3 percent to 4.383 million) and domestic services (1.3 percent nto 6.163 million). In contrast, job losses were mainly seen in trade (-0.9 percent to 17.28 million); information, financial and real estate activities (-0.1 percent to 9.834 million); construction (-3.9 percent to 6.674 million), agriculture (-1.6 percent to 8.675 million) and transportation (-0.9 percent to 4.53 million).

IBGE | Joana Taborda |
6/30/2017 1:36:05 PM