The unemployment rate in Brazil rose to 12.4 percent in the three months to February 2019 from 11.6 percent in the September-November period but dropped from a 12.6 percent a year earlier. It was the highest jobless rate since the three months to June 2018 period. Unemployment Rate in Brazil averaged 9.53 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 11.30 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 11.50 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.

Brazil Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
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 12.4% 12% 12.4%
2019-04-30 12:00 PM Unemployment Rate 12.4% 12.2%
2019-05-31 12:00 PM Unemployment Rate 12.00%
2019-06-28 12:00 PM Unemployment Rate 12.00%



Brazil Jobless Rate Rises to 12.4%

The unemployment rate in Brazil rose to 12.4 percent in the three months to February 2019 from 11.6 percent in the September-November period but dropped from a 12.6 percent a year earlier. It was the highest jobless rate since the three months to June 2018 period.

Compared with the three months ended in November of 2018, the number of unemployed increased by 892 thousand to 13.098 million. 

Employment dropped by 1062 thousand to 92.127 million, with most of job losses occurring in public administration, defense, social security and education (-574 thousand); industry (-198 thousand); construction (-155 thousand); agriculture, livestock, forestry, fishery and aquaculture (-127 thousand); and other services (-120 thousand). In contrast, job gains were recorded in transportation, warehousing and mail (+133 thousand); and information and communication activities, finance, real estate, professional and administrative activities (+90 thousand). 

The number of people in the labour force declined by 22 thousand to 105.226 million and those detached from the labour force advanced by 595 thousand to 65.691 million.

Compared with the same period of 2018, the number of unemployed fell by 22 thousand from 13.121 million, while employment went up by 1036 thousand from 91.091 million.

The average real income was estimated at BRL 2,285 in the three months to February, compared to BRL 2,250 in the three months to November and to BRL 2,268 a year earlier.


IBGE | Stefanie Moya | stefanie.moya@tradingeconomics.com
3/29/2019 12:24:35 PM



Brazil Labour Last Previous Highest Lowest Unit
Unemployment Rate 12.40 12.00 13.70 6.20 percent [+]
Employed Persons 92.13 92.55 93.19 88.04 Million [+]
Unemployed Persons 13.10 12.67 14.18 6.05 Million [+]
Labor Force Participation Rate 61.60 61.60 61.90 60.90 percent [+]
Labour Costs 120.65 116.27 181.87 39.60 Index Points [+]
Wages 2285.00 2270.00 2285.00 2128.00 BRL/Month [+]
Minimum Wages 998.00 998.00 998.00 64.79 BRL/Month [+]
Population 208.49 206.80 208.49 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 120.65 116.27 181.87 39.60 Index Points [+]
Non Farm Payrolls 173.14 34.31 309.44 -654.95 Thousand [+]
Employment Rate 53.90 54.20 57.30 53.10 percent [+]
Wages High Skilled 4730.00 4040.00 4730.00 3650.00 BRL/Month [+]
Wages In Manufacturing 2297.00 2245.00 2297.00 2129.00 BRL/Month [+]
Wages Low Skilled 1440.00 1160.00 1440.00 1140.00 BRL/Month [+]


Brazil Unemployment Rate

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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
12.40 12.00 13.70 6.20 2012 - 2019 percent Monthly
NSA




Country Last Previous
South Africa 27.10 Dec/18
Turkey 14.70 Jan/19
Spain 14.45 Dec/18
Brazil 12.40 Feb/19
Italy 10.70 Feb/19
Argentina 9.10 Dec/18
France 8.80 Dec/18
Euro Area 7.80 Feb/19
Saudi Arabia 6.00 Dec/18
Canada 5.80 Mar/19
Indonesia 5.34 Sep/18
Australia 5.00 Mar/19
Russia 4.70 Mar/19
United Kingdom 3.90 Feb/19
China 3.80 Dec/18
South Korea 3.80 Mar/19
United States 3.80 Mar/19
India 3.53 Dec/18
Mexico 3.30 Feb/19
Netherlands 3.30 Mar/19
Germany 3.10 Feb/19
Switzerland 2.50 Mar/19
Japan 2.30 Feb/19
Singapore 2.20 Dec/18


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