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.

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Brazil Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
14.10 14.60 14.70 6.20 2012 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-05-27 12:00 PM Mar 14.7% 14.4% 14.7% 14.7%
2021-06-30 12:00 PM Apr 14.7% 14.7% 14.7% 14.7%
2021-07-30 12:00 PM May 14.6% 14.7% 14.5% 14.7%
2021-08-31 12:00 PM Jun 14.1% 14.6% 14.4% 14.6%
2021-09-30 12:00 PM Jul 14.1%
2021-10-27 12:00 PM Aug
2021-11-30 12:00 PM Sep
2021-12-28 12:00 PM Oct


News Stream
Brazil Jobless Rate Drops More than Expected
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.
2021-08-31
Brazil Jobless Rate Rises to 14.6%
Brazil’s unemployment rate edged higher to 14.6 percent in the three months ending May of 2021, from 14.4 percent in the three months to February of 2021, and more than market expectations of 14.5 percent. However, the latest reading pointed was lower compared to the record high of 14.7 percent hit in the quarters ending March and April of 2021. From March to May, Brazil struggled to curb a resurgence of coronavirus infections which peaked in the last month of the period and economic activity was overall sluggish. The number of unemployed persons went up by 372 thousand to 14.80 million while the economy also added 809 thousand people to the employed population, which stood at 86.71 million. Meanwhile, the labour force participation rate rose by half a percentage point to 57.2 percent and the employment rate increased 0.3 percentage points to 48.9 percent.
2021-07-30
Brazil Jobless Rate at Record High
Brazil’s unemployment rate rose to a record 14.7 percent in three months to April of 2021 from 14.2 percent in three months to January, as expected. From February to April, Brazil struggled with a resurgence of COVID-19 infections, which led to the reimposition of lockdowns across the country and the cancellation of the Carnival. The number of unemployed persons went up by 489 thousand to 14.76 million while those employed shrank by 85 thousand to 85.94 million. Meanwhile, the labour force participation rate inched up by 1 percentage point to 56.9 percent and the employment rate edged down by 0.2 percentage points to 48.5 percent.
2021-06-30
Brazil Jobless Rate at Record High in Q1
The unemployment rate in Brazil rose to a record 14.7 percent in the first quarter of 2021 from 13.9 percent in the quarter ending December of 2020, in line with market expectations. During the January-March period, Brazil became the global epicenter of the pandemic due to a resurgence in COVID-19 infections, which led to the reimposition of lockdowns across the country and the cancellation of the world famous Carnival festival. The number of unemployed persons went up by 880 thousand to an all-time high of 14.81 million while those employed shrank by 529 thousand to 85.90 million. The labour force participation rate was unchanged at 56.8 percent and the employment rate edged down by 0.5 percentage points to 48.4 percent.
2021-05-27

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.