The unemployment rate in Brazil fell to 11.8 percent in the three months to July 2019 from 12.5 percent in the February to April period, below market consensus of 11.9 percent. The number of unemployed declined by 4.6 percent while employment rose by 1.3 percent. The labor force participation rate increased to 62.1 percent from 61.9 percent in the previous three-month period. Unemployment Rate in Brazil averaged 9.68 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 11.50 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 11.70 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
2019-05-31 12:00 PM Unemployment Rate Apr 12.5% 12.7% 12.5% 12.4%
2019-06-28 12:00 PM Unemployment Rate May 12.3% 12.5% 12.3% 12.1%
2019-07-31 12:00 PM Unemployment Rate Jun 12% 12.3% 12% 11.9%
2019-08-30 12:00 PM Unemployment Rate Jul 11.8% 12% 11.9% 11.9%
2019-09-27 12:00 PM Unemployment Rate Aug 11.8% 11.5% 11.6%
2019-10-31 12:00 PM Unemployment Rate Sep 11.5%
2019-11-29 11:00 AM Unemployment Rate Oct 11.7%



Brazil Unemployment Rate Lower than Expected

The unemployment rate in Brazil fell to 11.8 percent in the three months to July 2019 from 12.5 percent in the February to April period, below market consensus of 11.9 percent. The number of unemployed declined by 4.6 percent while employment rose by 1.3 percent. The labor force participation rate increased to 62.1 percent from 61.9 percent in the previous three-month period.

The number of unemployed declined by 609 thousand from the previous period, or 4.6 percent, to 12.569 million.

Employment rose by 1.219 million, or 1.3 percent, to 93.584 million, with most of job gains recorded in public administration, defense, social security and education (+288 thousand); industry (+265 thousand); agriculture, livestock, forestry, fishery and aquaculture (+249 thousand); other services (+216 thousand); domestic services (+132 thousand); construction (+83 thousand); trade (+46 thousand); and information and communication activities, finance, real estate, professional and administrative activities (+21 thousand). Meanwhile, job losses were registered in hotels and restaurants (-25 thousand); and transportation, warehousing and mail (-18 thousand).

The number of people in the labour force went up by 610 thousand to 106.153 million and those detached from the labour force dropped by 129 thousand to 64.822 million.

The average real income was estimated at BRL 2,286 in the three months to July, compared to BRL 2,311 in the three months to April.


IBGE | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/30/2019 12:25:38 PM



Brazil Labour Last Previous Highest Lowest Unit
Unemployment Rate 11.80 12.00 13.70 6.20 percent [+]
Employed Persons 93.58 93.34 93.58 87.63 Million [+]
Unemployed Persons 12.57 12.77 14.11 6.01 Million [+]
Labor Force Participation Rate 62.10 62.10 62.10 60.80 percent [+]
Labour Costs 117.56 101.89 181.87 39.60 Index Points [+]
Wages 2286.00 2292.00 2330.00 2172.00 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 117.56 114.29 181.87 39.60 Index Points [+]
Non Farm Payrolls 43.82 48.44 309.44 -654.95 Thousand [+]
Employment Rate 54.70 54.60 57.30 53.10 percent [+]
Wages High Skilled 4730.00 4040.00 4730.00 3650.00 BRL/Month [+]
Wages In Manufacturing 2285.00 2283.00 2344.00 2172.00 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
11.80 12.00 13.70 6.20 2012 - 2019 percent Monthly
NSA




Country Last Previous
South Africa 29.00 Jun/19
Spain 14.02 Jun/19
Turkey 13.00 Jun/19
Brazil 11.80 Jul/19
Argentina 10.60 Jun/19
Italy 9.90 Jul/19
France 8.50 Jun/19
Euro Area 7.50 Jul/19
India 6.00 Dec/18
Canada 5.70 Aug/19
Saudi Arabia 5.60 Jun/19
Australia 5.30 Aug/19
Indonesia 5.01 Mar/19
Russia 4.30 Aug/19
United Kingdom 3.80 Jul/19
Mexico 3.70 Jul/19
United States 3.70 Aug/19
China 3.61 Jun/19
Netherlands 3.50 Aug/19
South Korea 3.10 Aug/19
Germany 3.00 Jul/19
Japan 2.20 Jul/19
Singapore 2.20 Jun/19
Switzerland 2.10 Aug/19


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