Brazil’s unemployment rate averaged 7.6% in the three months leading to January of 2024, rebounding from the near nine-year low of 7.4% in the previous three-month period, but below market expectations of a 7.8% rate. Despite the increase, the result continued to point to a relatively tight labor market in the Brazilian economy, when compared to levels post-2015 economic crisis. Compared to the previous moving quarter, the unemployment rate remained unchanged. The number of unemployed individuals fell by 703 thousand from the October 2023 moving quarter to 8.3 million, while the number of net employment rose by 387 thousand to 100.6 million. In the meantime, average wages rose by R$47 to R$ 3,078. source: Instituto Brasileiro de Geografia e Estatística (IBGE)

Unemployment Rate in Brazil increased to 7.60 percent in January from 7.40 percent in December of 2023. Unemployment Rate in Brazil averaged 10.19 percent from 2012 until 2024, 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 March of 2024.

Unemployment Rate in Brazil increased to 7.60 percent in January from 7.40 percent in December of 2023. Unemployment Rate in Brazil is expected to be 7.10 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 8.00 percent in 2025 and 7.90 percent in 2026, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-01-31 12:00 PM
Unemployment Rate
Dec 7.4% 7.5% 7.6% 7.5%
2024-02-29 12:00 PM
Unemployment Rate
Jan 7.6% 7.4% 7.8% 7.3%
2024-03-28 12:00 PM
Unemployment Rate
Feb 7.6% 7.8% 7.8%


Related Last Unit Reference
Employed Persons 100.59 Million Jan 2024
Employment Rate 57.30 percent Jan 2024
Labor Force Participation Rate 62.10 percent Jan 2024
Unemployed Persons 8.29 Million Jan 2024
Unemployment Rate 7.60 percent Jan 2024
Wages 3078.00 BRL/Month Jan 2024
Wages in Manufacturing 2998.00 BRL/Month Jan 2024

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.
Actual Previous Highest Lowest Dates Unit Frequency
7.60 7.40 14.70 6.20 2012 - 2024 percent Monthly
NSA

News Stream
Brazil Unemployment Rate Rises Less than Expected
Brazil’s unemployment rate averaged 7.6% in the three months leading to January of 2024, rebounding from the near nine-year low of 7.4% in the previous three-month period, but below market expectations of a 7.8% rate. Despite the increase, the result continued to point to a relatively tight labor market in the Brazilian economy, when compared to levels post-2015 economic crisis. Compared to the previous moving quarter, the unemployment rate remained unchanged. The number of unemployed individuals fell by 703 thousand from the October 2023 moving quarter to 8.3 million, while the number of net employment rose by 387 thousand to 100.6 million. In the meantime, average wages rose by R$47 to R$ 3,078.
2024-02-29
Brazil Jobless Rate Nears 9-Year Low
Brazil's unemployment rate dropped further to 7.4% in the fourth quarter of 2023, down from 7.7% in the previous three-month period, falling short of the market expectation of 7.6%. This marked the lowest rate since the three months through February 2015, as the number of unemployed individuals dropped by 234 thousand to 8.082 million, and the number of employed individuals surged by 1.146 million, reaching an all-time high of 100.985 million. The employment rate rose to 57.6% from the third quarter's 57.1% and the activity rate increased to 62.2% from 61.8%.
2024-01-31
Brazil Unemployment Falls to Near 9-Year Low
Brazil’s unemployment rate averaged 7.5% in the three months leading to November of 2023, the lowest in nearly nine years, and dropping from the 7.8% rate from the three months to August. The result was lower than market estimates of 7.6%, aligning with other economic data that points to a resilient economy and adding leeway for the central bank to ease the pace of its rate-cutting campaign as inflation shows signs of stickiness. The number of unemployed individuals was relatively unchanged from the previous moving quarter at 8.2 million people, while employed individuals rose by 853 thousand people to a record high of 100.5 million. In the meantime, average real wages rose by 2.3% from the previous moving quarter to BRL 3,034 per month.
2023-12-29