The number of unemployed persons in Brazil decreased to 12.35 Million in October of 2018 from 12.49 Million in September of 2018. Unemployed Persons in Brazil averaged 9.53 Million from 2012 until 2018, reaching an all time high of 14.18 Million in March of 2017 and a record low of 6.05 Million in December of 2013.
Unemployed Persons in Brazil is expected to be 12.40 Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployed Persons in Brazil to stand at 12.25 in 12 months time. In the long-term, the Brazil Unemployed Persons is projected to trend around 12.00 Million in 2020, according to our econometric models.