Brazil Unemployment Rate Remains at Record High of 11.8%



The unemployment rate in Brazil remained unchanged at 11.8 percent in the three months to October of 2016, slightly above market expectations of 11.7 percent. It is the highest jobless rate since the series began in 2012.

Compared with the May-July period, the number of unemployed persons rose by 1.6 percent or by 195 thousand to 12.04 million while employment fell by 0.7 percent or by 604 thousand to 89.88 million. Employment fell the most in agriculture (-5 percent to 8.9 million), followed by construction (-4 percent to 7.07 million); transport, communication and mail (-1.4 percent to 4.44 million); information, communication, financial services and real estate (-1.1 percent to 9.58 million); domestic services (-1 percent to 6.19 million); industry (-0.9 percent to 11.52 million) and trade and repair of motor vehicles (-0.5 percent to 17.23 million). 

People attached to the labour force, that is, either employed or unemployed but actively seeking for job decreased by 0.4 percent or by 409 thousand to 101.92 million. In contrast, those detached from the labour force rose by 1 percent or by 668 thousand to 64.727 million. The labour force participation rate fell to 61.2 percent from 61.5 percent.

A year earlier, unemployment was lower at 8.9 percent. 

Brazil Unemployment Rate Remains at Record High of 11.8%


IBGE | Joana Taborda | joana.taborda@tradingeconomics.com
11/29/2016 11:31:02 AM