The unemployment rate in Brazil decreased to 10.5 percent in the three months to April of 2022 from 11.2 in the three months to January and below market forecasts of 11 percent. It was the lowest jobless rate for a quarter ending in April since 2015 when it was 8.1 percent. The number of unemployed persons declined by 5.8 percent, or 699 thousand to 11.3 million while employment rose by 1.1 percent, or 1.1 million to 96.5 million, the highest since comparable records began in 2012. Meanwhile, the employment rate rose 0.5 percentage points to 55.8 percent. The average monthly revenue for workers in April stood at BRL 2,569, stable from March but down 8 percent from the same period last year. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Unemployment Rate in Brazil averaged 10.52 percent from 2012 until 2022, 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 June of 2022.
Unemployment Rate in Brazil is expected to be 12.20 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 11.00 percent in 2023, according to our econometric models.