Brazil Unemployment Rate

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 is the lowest jobless rate since the three months to July 2016, but still above market expectations of 11.5 percent. Unemployment Rate in Brazil averaged 9.44 percent from 2012 until 2018, 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 11.50 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 11.00 in 12 months time. In the long-term, the Brazil Unemployment Rate is projected to trend around 11.10 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-09-28	12:00 PM	Unemployment Rate	12.1%	12.3%	12.2%	12.2%
2018-10-30	12:00 PM	Unemployment Rate	11.9%	12.1%	11.9%	12.0000
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%		11.50%
2019-02-27	12:00 PM	Unemployment Rate				11.40%
2019-03-29	12:00 PM	Unemployment Rate				11.40%

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.

Compared with the three months ended in August of 2018, the number of unemployed went down by 501 thousand to 12.206 million.

Employment rose by 1108 thousand to 93.189 million. It is the highest reading since the series started in 2012, with most job gains occurring in information and communication activities, finance, real estate, professional and administrative activities (+281 thousand); internal trade, repair of motor vehicles and motorcycles (+266 thousand); public administration, defense, social security and education (+256 thousand); other services (+202 thousand); hotels and restaurants (+163 thousand); construction (+140 thousand); and transport and mail (+44 thousand). The number of people in the labour force increased by 607 thousand to 105.395 million and those detached from the labour force decreased by 292 thousand to 65.096 million.

Compared with the same period of 2017, the number of unemployed fell by 364 thousand from 12.571 million, while employment rose by 1241 thousand from 91.949 million.

The average real income was estimated at BRL 2,238 in the three months to November, barely unchanged compared with both the three month to August and to a year earlier.

IBGE | Joana Taborda | joana.taborda@tradingeconomics.com
12/28/2018 12:14:55 PM

News

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 Jobless Rate Below Estimates at 12.1%
The unemployment in Brazil fell to 12.1 percent in the three months to August of 2018 from 12.7 percent in the March - May 2018 period, below market consensus of 12.2 percent.
Published on 2018-09-28

Brazil Jobless Rate Falls to 12.3% as Expected
The unemployment rate in Brazil decreased to 12.3 percent in the three months to July of 2018 from 12.9 percent in the February - April 2018 period, in line with market expectations.
Published on 2018-08-30

Brazil Labour	Last	Previous	Highest	Lowest	Unit
Unemployment Rate	11.60	11.70	13.70	6.20	percent	[+]
Employed Persons	93.19	92.90	93.19	88.04	Million	[+]
Unemployed Persons	12.21	12.35	14.18	6.05	Million	[+]
Labor Force Participation Rate	61.80	61.80	61.90	60.90	percent	[+]
Labour Costs	105.58	119.16	181.87	39.60	Index Points	[+]
Wages	2238.00	2230.00	2239.00	2107.00	BRL/Month	[+]
Minimum Wages	998.00	954.00	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	105.58	119.16	181.87	39.60	Index Points	[+]
Non Farm Payrolls	58.66	57.73	309.44	-654.95	Thousand	[+]
Employment Rate	54.70	54.50	57.30	53.10	percent	[+]
Wages High Skilled	4730.00	4040.00	4730.00	3650.00	BRL/Month	[+]
Wages In Manufacturing	2250.00	2264.00	2279.00	2114.00	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 January of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	11.60	11.70	13.70	6.20	2012 - 2018	percent	Monthly	NSA

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Country	Last		Previous	Range
South Africa	27.50	Sep/18	27.2	31.2 : 21.5	%
Spain	14.55	Sep/18	15.28	26.94 : 4.41	%
Brazil	11.60	Nov/18	11.7	13.7 : 6.2	%
Turkey	11.60	Oct/18	11.4	14.8 : 7.3	%
Italy	10.50	Nov/18	10.6	13.1 : 5.8	%
France	9.10	Sep/18	9.1	10.7 : 7.2	%
Argentina	9.00	Sep/18	9.1	20.8 : 5.9	%
Euro Area	7.90	Nov/18	8	12.1 : 7.3	%
Saudi Arabia	6.00	Jun/18	6.1	6.3 : 4.35	%
Canada	5.60	Dec/18	5.6	13.1 : 2.9	%
Indonesia	5.34	Sep/18	5.13	11.24 : 2	%
Australia	5.10	Nov/18	5	11.2 : 4	%
Russia	4.80	Nov/18	4.7	14.1 : 4.5	%
United Kingdom	4.10	Oct/18	4.1	12 : 3.4	%
United States	3.90	Dec/18	3.7	10.8 : 2.5	%
China	3.82	Sep/18	3.83	4.3 : 3.82	%
South Korea	3.80	Dec/18	3.8	7.1 : 3	%
Netherlands	3.60	Dec/18	3.5	7.9 : 3.5	%
India	3.52	Dec/17	3.51	8.3 : 3.41	%
Germany	3.30	Nov/18	3.3	11.5 : 0.4	%
Mexico	3.30	Nov/18	3.2	6.42 : 2.22	%
Switzerland	2.70	Dec/18	2.5	5.7 : 1.5	%
Japan	2.50	Nov/18	2.4	5.5 : 1	%
Singapore	2.10	Sep/18	2	6 : 1.4	%