Brazil Unemployment Rate

The unemployment rate in Brazil increased to 12.0 percent in the three months to January 2019 from 11.7 percent in the August-October period but fell from a 12.2 percent a year earlier. It compares with market expectations of 11.9 percent. It was the highest jobless rate since the three months to August 2018 period. Unemployment Rate in Brazil averaged 9.50 percent from 2012 until 2019, reaching an all time high of 13.70 percent in March of 2017 and a record low of 6.20 percent in December of 2013.

Unemployment Rate in Brazil is expected to be 11.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Brazil to stand at 10.80 in 12 months time. In the long-term, the Brazil Unemployment Rate is projected to trend around 11.60 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-11-29	11:00 AM	Unemployment Rate	11.7%	11.9%	11.7%	11.7000
2018-12-28	11:00 AM	Unemployment Rate	11.6%	11.7%	11.5%	11.6000
2019-01-31	11:00 AM	Unemployment Rate	11.6%	11.6%		11.50%
2019-02-27	12:00 PM	Unemployment Rate	12%	11.6%	11.9%	11.8%
2019-03-29	12:00 PM	Unemployment Rate		12%		11.40%
2019-04-30	12:00 PM	Unemployment Rate				11.40%
2019-05-31	12:00 PM	Unemployment Rate				12.00%

Brazil Jobless Rate Above Estimates at 12%

The unemployment rate in Brazil increased to 12.0 percent in the three months to January 2019 from 11.7 percent in the August-October period but fell from a 12.2 percent a year earlier. It compares with market expectations of 11.9 percent. It was the highest jobless rate since the three months to August 2018 period.

Compared with the three months ended in October of 2018, the number of unemployed rose by 318 thousand to 12.669 million.

Employment declined by 354 thousand to 92.547 million, with most of job losses occurring in agriculture, livestock, forestry, fishery and aquaculture (-192 thousand); industry (-345 thousand fewer); public administration, defense, social security and education (-175 thousand) and other services (-139 thousand). Meanwhile, job gains were recorded in transportation, warehousing and mail (+129 thousand); hotels and restaurants (+126 thousand); and information and communication activities, finance, real estate, professional and administrative activities (+167 thousand).

The number of people in the labour force fell by 36 thousand to 105.217 million and those detached from the labour force went up by 403 thousand to 65.511 million.

Compared with the same period of 2018, the number of unemployed dropped by 20 thousand from 12.689 million, while employment increased by 846 thousand from 91.702 million.

The average real income was estimated at BRL 2,270 in the three months to January, compared to BRL 2,240 in the three months to October and to BRL 2,251 a year ago.

IBGE | Stefanie Moya | stefanie.moya@tradingeconomics.com
2/27/2019 12:38:15 PM

News

Brazil Jobless Rate Falls to 11.6%
The unemployment rate in Brazil fell to 11.6 percent in the three months to December of 2018, from 11.9 percent in July-September period and 11.8 percent a year earlier. Compared with the three months ended in November, the jobless rate was unchanged, remaining the lowest since the three months to July 2016.
Published on 2019-01-31

Brazil Jobless Rate Lowest in Over 2 Years at 11.6%
The unemployment rate in Brazil declined to 11.6 percent in the three months to November of 2018 from 12.1 percent in the three months to August and 12 percent a year earlier. It compares with market expectations of 11.5 percent. It marks the eighth straight month the unemployment rate falls, reaching the lowest since the three months to July 2016.
Published on 2018-12-28

Brazil Jobless Rate Matches Estimates at 11.7%
The unemployment rate in Brazil decreased further to 11.7 percent in the three months to October of 2018 from 12.3 percent in the May-July period, matching market expectations. It is the seventh straight decline in jobless rate and the sharpest since December, mainly due to informal work.
Published on 2018-11-29

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.
Published on 2018-10-30

Brazil Labour	Last	Previous	Highest	Lowest	Unit
Unemployment Rate	12.00	11.60	13.70	6.20	percent	[+]
Employed Persons	92.55	93.00	93.19	88.04	Million	[+]
Unemployed Persons	12.67	12.20	14.18	6.05	Million	[+]
Labor Force Participation Rate	61.60	61.70	61.90	60.90	percent	[+]
Labour Costs	116.27	93.07	181.87	39.60	Index Points	[+]
Wages	2270.00	2254.00	2270.00	2124.00	BRL/Month	[+]
Minimum Wages	998.00	998.00	998.00	64.79	BRL/Month	[+]
Population	207.66	206.08	207.66	72.74	Million	[+]
Retirement Age Women	60.00	60.00	60.00	60.00		[+]
Retirement Age Men	65.00	65.00	65.00	65.00		[+]
Living Wage Family	2360.00	2330.00	2370.00	2320.00	BRL/Month	[+]
Living Wage Individual	1390.00	1400.00	1410.00	1360.00	BRL/Month	[+]
Productivity	116.27	93.07	181.87	39.60	Index Points	[+]
Non Farm Payrolls	34.31	-334.40	309.44	-654.95	Thousand	[+]
Employment Rate	54.20	54.50	57.30	53.10	percent	[+]
Wages High Skilled	4730.00	4040.00	4730.00	3650.00	BRL/Month	[+]
Wages In Manufacturing	2227.00	2238.00	2287.00	2121.00	BRL/Month	[+]
Wages Low Skilled	1440.00	1160.00	1440.00	1140.00	BRL/Month	[+]

In Brazil, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Brazil Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Brazil Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on March of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	12.00	11.60	13.70	6.20	2012 - 2019	percent	Monthly	NSA

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Country	Last		Previous	Range
South Africa	27.10	Dec/18	27.5	31.2 : 21.5	%
Spain	14.45	Dec/18	14.55	26.94 : 4.41	%
Turkey	13.50	Dec/18	12.3	14.8 : 7.3	%
Brazil	12.00	Jan/19	11.6	13.7 : 6.2	%
Italy	10.50	Jan/19	10.4	13.1 : 5.8	%
Argentina	9.00	Sep/18	9.6	20.8 : 5.9	%
France	8.80	Dec/18	9.1	10.7 : 7.2	%
Euro Area	7.80	Jan/19	7.8	12.1 : 7.3	%
India	6.10	Dec/18	3.52	8.3 : 3.41	%
Saudi Arabia	6.00	Sep/18	6	6.3 : 4.35	%
Canada	5.80	Feb/19	5.8	13.1 : 2.9	%
Indonesia	5.34	Sep/18	5.13	11.24 : 2	%
Australia	5.00	Jan/19	5	11.2 : 4	%
Russia	4.90	Jan/19	4.8	14.1 : 4.5	%
United Kingdom	4.00	Dec/18	4	12 : 3.4	%
China	3.80	Dec/18	3.82	4.3 : 3.8	%
United States	3.80	Feb/19	4	10.8 : 2.5	%
South Korea	3.70	Feb/19	4.4	7.1 : 3	%
Mexico	3.60	Jan/19	3.4	6.42 : 2.22	%
Netherlands	3.60	Jan/19	3.6	7.9 : 3.5	%
Germany	3.20	Jan/19	3.3	11.5 : 0.4	%
Switzerland	2.70	Feb/19	2.8	5.7 : 1.5	%
Japan	2.50	Jan/19	2.4	5.5 : 1	%
Singapore	2.20	Dec/18	2.1	6 : 1.4	%