Brazil’s unemployment rate dropped to 14.1 percent in the second quarter of 2021, from 14.7 percent in the March quarter, and compared to market expectations of 14.4 percent. From April to June, the pandemic in Brazil was under control despite new covid-19 cases hitting a record in June, while economic activity showed signs of improvement. The unemployed population shrank by 361 thousand persons to 14.44 million, while the number of employed people surged by 2,141 thousand people to 87.79 million. Meanwhile, the labour force participation rate inched up by 0.9 percentage points to 57.7 percent and the employment rate rose 1.2 percentage points to 49.6 percent. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Unemployment Rate in Brazil averaged 10.40 percent from 2012 until 2021, reaching an all time high of 14.70 percent in March of 2021 and a record low of 6.20 percent in December of 2013. 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 - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Unemployment Rate in Brazil is expected to be 14.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Unemployment Rate is projected to trend around 12.40 percent in 2022 and 12.00 percent in 2023, according to our econometric models.