The unemployment rate in Brazil increased to 12.9 percent in the three months to May 2020 from 11.6 percent in the December to February 2020 period, but slightly below market expectations of 13 percent. It was the highest jobless rate since the three months to April 2018, amid the coronavirus pandemic. The number of unemployed rose by 3 percent to 12.71 million while employment dropped by 8.3 percent to 85.94 million. The labor force participation rate declined by 4.8 percentage points to a fresh record low of 56.8 percent and the employment rate decreased by 5 percentage points to an all-time low of 49.5 percent.

Unemployment Rate in Brazil averaged 9.90 percent from 2012 until 2020, 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. 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 August of 2020. source: Instituto Brasileiro de Geografia e Estatística (IBGE)

Unemployment Rate in Brazil is expected to be 13.50 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 12.70 in 12 months time. In the long-term, the Brazil Unemployment Rate is projected to trend around 12.30 percent in 2021 and 11.70 percent in 2022, according to our econometric models.

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Brazil Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
12.90 12.60 13.70 6.20 2012 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-31 12:00 PM Feb 11.6% 11.2% 11.6% 11.5%
2020-04-30 12:00 PM Mar 12.2% 11.6% 12.5% 12%
2020-05-28 12:00 PM Apr 12.6% 12.2% 13.3% 13.1%
2020-06-30 12:00 PM May 12.9% 12.6% 13% 13.1%
2020-08-06 12:00 PM Jun 12.9% 13.2% 13.1%
2020-08-31 12:00 PM Jul
2020-09-28 12:00 PM Aug
2020-10-30 12:00 PM Sep 13.5%


News Stream
Brazil Jobless Rate Rises to Over 2-Year High of 12.9%
The unemployment rate in Brazil increased to 12.9 percent in the three months to May 2020 from 11.6 percent in the December to February 2020 period, but slightly below market expectations of 13 percent. It was the highest jobless rate since the three months to April 2018, amid the coronavirus pandemic. The number of unemployed rose by 3 percent to 12.71 million while employment dropped by 8.3 percent to 85.94 million. The labor force participation rate declined by 4.8 percentage points to a fresh record low of 56.8 percent and the employment rate decreased by 5 percentage points to an all-time low of 49.5 percent.
2020-06-30
Brazil Jobless Rate Rises to Over 1-Year High of 12.6%
The unemployment rate in Brazil rose to 12.6 percent in the three months to April 2020 from 11.2 percent in the November to January 2020 period, but below market expectations of 13.3 percent. It was the highest jobless rate since the three months to March 2019, amid the coronavirus crisis. The number of unemployed increased by 7.5 percent to 12.81 million while employment declined by 5.2 percent to 89.24 million. The labor force participation rate fell by 2.7 percentage points to a record low of 59 percent and the employment rate went down by 3.2 percentage points to an all-time low of 51.6 percent.
2020-05-28
Brazil Jobless Rate Rises to Near 1-Year High of 12.2%
The unemployment rate in Brazil increased to 12.2 percent in the three months to March 2020 from 11 percent in the October to December 2019 period, but below market expectations of 12.5 percent. It was the highest jobless rate since the three months to May 2019, amid business closures and lockdowns due to the coronavirus pandemic. The number of unemployed rose by 10.5 percent to 12.85 million while employment dropped 2.5 percent to 92.22 million. The labor force participation rate fell 0.9 percentage points to 61 percent and the employment rate dropped by 1.6 percentage points to 53.5 percent.
2020-04-30
Brazil Jobless Rate Rises to 11.6%
The unemployment rate in Brazil rose to 11.6 percent in the three months to February 2020 from 11.2 percent in the September to November period, in line with market consensus. The number of unemployed increased by 4.0 percent to 12.34 million while employment fell by 0.7 percent to 93.71 million. The labor force participation rate declined 0.3 percentage points to 61.7 percent while the employment rate decreased 0.6 percentage points to 54.5 percent.
2020-03-31

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.