Brazil Jobless Rate Falls to 12% as Expected

The unemployment rate in Brazil fell to 12.0 percent in the second quarter of 2019 from 12.7 percent in the January to March period, in line with market consensus.

The number of unemployed declined by 621 thousand from the previous period, or 4.6 percent, to 12.766 million.

Employment rose by 1.479 million, or 1.6 percent, to 93.342 million, with most of job gains recorded in public administration, defense, social security and education (+469 thousand); industry (+319 thousand); agriculture, livestock, forestry, fishery and aquaculture (+233 thousand); domestic services (+151 thousand); other services (+150 thousand); construction (+87 thousand); transportation, warehousing and mail (+72 thousand); and information and communication activities, finance, real estate, professional and administrative activities (+42 thousand). Meanwhile, job losses were registered in trade (-11 thousand); and hotels and restaurants (-7 thousand).

The number of people in the labour force went up by 858 thousand to 106.108 million and those detached from the labour force dropped by 494 thousand to 64.756 million.

The average real income was estimated at BRL 2.290 in the three months to June, compared to BRL 2,321 in the three months to March.

Brazil Jobless Rate Falls to 12% as Expected

IBGE | Joana Ferreira |
7/31/2019 12:36:05 PM