Brazil Unemployment Rate Rises in November


Brazilian jobless rate increased to 4.8 percent in November of 2014 from 4.7 percent in the previous month. It is the first rise in three months as more people were attached to the labour force.

Unemployment increased marginally to 1.19 million persons from 1.14 million in the previous month and employment edged up to 23.38 million from 23.28 million in October. Yet, 358 thousand persons were underemployed in November, 19 thousand less than in the previous month.

The number of people either working or looking for work increased to 24575 thousand in November from 24 420 thousand in October. Meanwhile, average real wage rose 0.7 percent month-over-month to R$ 2148.5.

Among regions, Salvador recorded the highest jobless rate (9.6 percent) and Rio de Janeiro the lowest (3.6 percent). 

A year earlier, unemployment was recorded at 4.6 percent. Yet, there were 23.29 thousand employed persons while the number of people not attached to the labour force was lower (18.58 million in November of 2013 compared with 18.88 million in November of 2014).

Brazil Unemployment Rate Rises in November


Joana Taborda | joana.taborda@tradingeconomics.com
12/19/2014 11:38:30 AM