Brazil Jobless Rate Drops to 11.9% as Expected

The unemployment rate in Brazil fell to 11.9 percent in the three months to September of 2018 from 12.1 percent in the April-June period of 2018, in line with market expectations. It was the sixth straight decline in jobless rate and the steepest since December last year.

Compared with the three months ended in June 2018, the number of unemployed decreased by 474 thousand to 12.492 million. Employment increased by 1,384 thousand to 92.622 million, with main job adds recorded in agriculture, livestock, forestry and fishing (+264 thousand); information and communication activities, finance, real estate, professional and administrative activities (+263 thousand); construction (+229 thousand); other services (+192 thousand) and public administration, defense, social security and education (+183 thousand). Also, both the private sector (+660 thousand), mostly informal work (+522 thousand) and the public sector (+123 thousand) created jobs.

The number of people in the labour force rose by 910 thousand to 105.114 million and those detached from the labour force went down by 445 thousand to 65.198 million.

Compared with the same period of 2017, the number of unemployed fell by 469 thousand from 12.961 million, while employment went up by 1,325 thousand from 91.297 million.

The average real income was estimated at BRL 2,222 in the three months to September, below BRL 2,229 in the three months to June but above BRL 2,208 a year earlier.

Brazil Jobless Rate Drops to 11.9% as Expected

IBGE | Luisa Carvalho |
10/30/2018 12:35:34 PM